<p style="text-align: justify;">In consideration of the payment by the Insured to the Company of an additional premium (included in the Bill) it is hereby declared and agreed that this policy shall also cover loss or damage to the insured property as a result of robbery/hijacking (*) or any attempt or frustration thereat, excluding however, any loss or damage caused by dishonet, fraudulent, or criminal act or omission on the part of the Insured, or other parties in interest, his/her/their employees, agents, or authorized representative or others to whom the Insured property may be left or in whose care, custody or control said property is entrusted.</p>

<p style="text-align: justify;">It is expressly stipulated that in no case shall the Company be liable to pay under this clause mroe than eighty (80%) percent of the value of the property at the time of loss, or in the event of other subsisting robbery/hijacking insurances, its proportion of eighty (80%) percent of the amount of any loss or damage to the property insured hereunder, nor in any case an amount exceeding the sum insured hereby or the amount collectible after application of Policy Condition No. 20, it being the intention that the Insured shall be considered as being his own insurer to the extent of at least twenty (20%) percent and must therefore bear at least twenty (20%) percent of any loss that may occur.</p>

<p style="text-align: justify;">PROVIDED ALWAYS, that all conditions of this Policy (including warranties, clauses and/or endorsements thereto), shall also apply to the herein risk (except only in so far as said condition or conditions may have been expressly waived or excluded hereunder), and that any reference in the Policy to loss or damage shall be deemed to apply to loss or damage directly caused by robbery/hijacking.</p>

<p style="text-align: justify;">The insured upon knowledge of any loss or damage recoverable under this clause shall give immediately a detailed report of said loss or damage to the Company and to the Police having jurisdiction, as a condition precedent for indemnification by the Company.</p>

<p style="text-align: justify;">In the event of loss or damage for which claim is made under this endorsement, the Insured shall, at the request and expense of the Company take legal action to secure the arrest and prosecution of the offenders and the recovery of the property.</p>

<p style="text-align: justify;">(*) ROBBERY - shall mean robbery as defined below in Article 293 of the Revised Penal Code of the Philippines</p>

<p style="text-align: justify;">Act No. 3815 - any person who, with intent to gain, shall take any personal property belonging to another, by means of violence against or intimidation of any person, or using force upon anything shall be guilty of robbery.</p>

<p style="text-align: justify;">(**) HIJACKING - to steal goods in transit, a truck and its contents by force, intimidation and threat.</p>

<p style="text-align: justify;">(***) THING - shall include building, apartment, office, room, etc.</p>
