<p>GENERAL PROVISION</p>

<p>1. &nbsp;Except as provided herein, the Tariff Rules and Regulations and all other Tariff stipulations and conditions which apply in connection with the ordinary Fire risk shall apply in the case of Earthquake risk, except in respect of surcharges, discounts for construction, the provisions of Fire Extinguishing Appliances and Sprinkler and LTA discount.</p>

<p>INSURANCE AGAINST EARTHQUAKE SHOCK RISK ONLY</p>

<p>Except as specially provided for hereunder, it is not permissible to cover loss or damage by shock occasioned by or through or in consequence of Earthquake except in conjunction with an equivalent insurance against Earthquake Fire risk.</p>

<p>SPECIAL PROVISIONS</p>

<p>Foundations, Outdoor Swimming Pool, Pier, Water Tanks, Underground Tanks and Self-contained Industrial Furnaces.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;It is permissible to cover foundations, outdoor swimming pool, pier, water tanks, underground tanks, and self-contained industrial furnaces against earthquake shock only under a separate item in the policy without an equivalent insurance against ordinary fire risk.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Foundations, outdoor swimming pool, pier, water tanks, underground tanks and self-contained furnaces not exposed to other risks may be covered for earthquake shock only.</p>

<p>1. &nbsp; &nbsp; &nbsp;AVERAGE.<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; If the property hereby insured shall on the occurrence of any loss or damage be collectively of greater value than the sum insured thereon, then the Insured shall be considered as being his own insurer for the difference and shall bear a ratable proportion of the loss accordingly. Every item, if more than one, of the policy shall be separately subject to the conditions.</p>

<p>2. &nbsp; &nbsp; &nbsp; CONSEQUENTIAL LOSS.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;No consequential loss or damage of any kind or description nor any loss or damage caused by confiscation or willful destruction by Government or any Municipal or Local Authority is covered.</p>

<p>3. &nbsp; &nbsp; &nbsp; &nbsp;EXCESS CLAUSE.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; IT IS UNDERSTOOD AND AGREED THAT the Insured shall bear that portion of the loss or damage caused by Earthquake to each affected item of insured property equivalent to 2% of its actual cash value at the time of loss, for each claim or series of claims arising out of one occurrence. For the purpose of this clause, the following shall be considered as separate items of insured property, regardless of what is indicated in the policy schedule:</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1) &nbsp;Each building, including machinery, equipment and fixtures normal to its operation;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 2) &nbsp;All machinery and equipment contained in each building;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 3) &nbsp;All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in each building;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 4) &nbsp;All other contents contained in each building.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; All losses caused by earthquake or series of earthquake (whether continuous or sporadic and whether or not due to the same seismic conditions) during each period of 48 consecutive hours commencing from the first tremor shall be considered as arising out of one occurrence.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; In case of other insurances on the same item of property, this clause shall apply only once regardless of the number of policies or insurers.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; It is further understood and agreed that in the computation of the claims payable, Condition No. 20 (Average Clause) of this Policy shall apply after the application of the deductible provided herein.<br />
&nbsp;</p>
