Capital additions clause

1 The insurer shall indemnify the insured in respect of loss of or damage to real or personal property acquired or becoming held in the care, custody or control of the insured after the inception of this policy and not included in the
schedule;

2 Any increase in the new replacement value as a result of such capital additions shall not exceed 5% of the sum(s) insured or any other limit of indemnity specified in the schedule.

3 This additional insurance cover is also subject to the insured advising the insurer within three (3) months of acquisition of the particulars of any such capital additions and the payment of any additional premium the insurer may require.

About the Author

has written 1704 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

*

Copyright © 2018 AHLIASURANSI.com. All rights reserved. Managed by Imam MUSJAB
Powered by WordPress.org, Custom Theme and ComFi.com Calling Card Company.