<p>In consideration of the payment by the Insured to the Company of an additional premium, it is hereby agreed that this insurance as herein defined subject to the Special Conditions hereinafter contained extends to include loss or damage directly caused by Flood.</p>

<ul>
	<li>The term &ldquo;Flood&rdquo; is defined as the entry of water into the premises insured, from without; due to the inundation of land not usually covered by water; (a) by reason of an extra ordinary high tide or&nbsp; (b)&nbsp; following Typhoon Cyclone, and/or Windstorm or&nbsp; (c) due to the bursting or overflowing of rivers, reservoirs, canals and the like.</li>
</ul>

<p style="text-align:center"><strong>SPECIAL CONDITIONS</strong></p>

<ol>
	<li>It is a condition of this Insurance that the Insured undertakes to exercise all ordinary and reasonable&nbsp;precautions for the maintenance&nbsp; and safety of the property.</li>
	<li>Unless liability is specifically assumed by amendment to this endorsement, the Company shall not be&nbsp;liable for loss or damage to the following property:
	<ol start="1" style="list-style-type:lower-alpha">
		<li>goods in the open or</li>
		<li>drains, water&nbsp;courses, boundary walls, garden walls, retaining walls, gates, posts, fences, driveway roads, walks&nbsp;or bulkheads.</li>
	</ol>
	</li>
	<li>The Company shall not be liable for:
	<ol start="1" style="list-style-type:lower-alpha">
		<li>Loss or damage caused directly or indirectly by landslide, subsidence, cloudburst or explosion, whether incidental to flood or not nor by theft whether occurring during or after a flood, nor by the&nbsp;neglect of the Insured to use all reasonable means to save and preserve the property during and after a Flood.</li>
		<li>Loss or damage caused by overflowing, bursting or leakage of water tanks, pipes and other water&nbsp;apparatus;&nbsp; loss or damage caused by overflowing of gutters and downpipes or bursting or overflowing of municipal or other public water supply mains;&nbsp; loss or damage due to seepage, leakage or influx of water from basement walls, including doors, windows and other openings therein,&nbsp;foundations, basement floors and sidewalks or water, which backs up through sewers or drains; loss or damage occasioned by high water unless directly caused by Flood as defined herein.</li>
		<li>Loss or damage occasioned by&nbsp; or through or in consequence of the action or order of any government or public authority.</li>
		<li>Loss or damage to property which at the time of the happening of such loss or damage, is insured by or would, but for the existence of this policy be insured by Marine or Plate Glass Policy or policies.</li>
		<li>Consequential loss or damage of any kind whatsoever.</li>
	</ol>
	</li>
	<li>In the event of this policy being surrendered by the Insured for cancellation, the Company shall retain 100% of the premium notwithstanding what is stated in Conditions Nos.&nbsp;11 and 12&nbsp; of this policy to the contrary.</li>
	<li>It is understood and agreed that the Insured shall bear that portion of the loss or damage by flood to each affected item of insured property equivalent to 2% of its actual value at the time of loss, for each claim or series of claims arising out of any one Flood occurrence the duration and extent of which shall be limited to 168 consecutive hours.&nbsp;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:
	<ol start="1" style="list-style-type:lower-alpha">
		<li>Each building, including machinery, equipment and fixtures normal to its operations;</li>
		<li>All machinery and equipment contained in each building;</li>
		<li>All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in&nbsp;each building.</li>
		<li>All other contents contained in each building.&nbsp;In case of other insurances on the same item of property, this clause shall apply only once regardless of&nbsp; the number of policies or insurers.</li>
		<li>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.</li>
		<li>Provided always that all the conditions of the policy shall apply except as they may&nbsp;be&nbsp;hereby&nbsp;expressly varied.</li>
	</ol>
	</li>
</ol>
