<p>IT IS HEREBY DECLARED AND AGREED that the deductibles, the amount to be first borne by the Insured in respect of each and every occurrence for loss or damage to Section I Material Damage under the Schedule of this Policy are as follows.</p>

<ol start="1" style="list-style-type:decimal">
	<li>P 400,000.00&nbsp;- loss or damage arising out or earthquake, storm, typhoon, cyclone, flood, inundation, subsidence, landslide, collapse, rockslide, tempest, volcanism, tsunami &amp; wave or water action.</li>
	<li>P 200.000.00&nbsp;-&nbsp;for loss or damage arising out of any other cause.</li>
</ol>

<p><strong>Nothing herein contained shall be held to vary, alter waive or change any of the terms, limits or conditions of the Policy except as hereinabove set forth.</strong></p>

<p>This endorsement is effective: July 14, 2014</p>

<p>Attached to and forming part of Policy No.CAR-2014-0022</p>

<p><strong>of Alliedbankers Insurance Corporation</strong></p>
