Archive for the ‘M-Clauses’ Category

Mid-Term Increase of Limit of Indemnity Endorsement

It is hereby understood and agreed that in consideration of You paying the additional premium of (ADDITIONAL PREMIUM AMOUNT), the Limit of Indemnity is increased to (NEW LOI) any one claim and in the aggregate inclusive of costs and expenses with effect from (DATE OF ENDORSEMENT). It is further agreed that the new Limit of Indemnity, as provided above, shall only apply to Claims and/or circumstances ... Full story

Molestation Exclusion with defence costs sub-limit

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any actual or alleged act of molestation or physical interference with any person that is committed by You. However this Exclusion shall not apply to defence costs and expenses, which is sub-limited to S$50,000 any one claim and in ... Full story

Molestation Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any actual or alleged act of molestation or physical interference with any person that is committed by You. Full story

Mergers and Acquisitions Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by advisory services provided in relation to mergers, acquisitions, takeovers, corporate restructures or share issues. Full story

Market Fluctuation Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by depreciation (or failure to appreciate) in value of any investments, including but not limited to, property, shares, securities, commodities, currencies, options and futures or derivative transactions, or as a result of any actual or alleged representation, advice, guarantee ... Full story

MINING ACTIVITIES EXCLUSION

It is hereby noted and agreed that any occurrence and/or claims related to or involving mining activities are excluded from this policy.   Full story

MR 121 – Special Conditions Concerning Piling, Foundation, and Retaining Wall Works

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of Expenses incurred -     for replacing or rectifying piles or retaining wall elements       *     which have become misplaced or misaligned or jammed,       *     which are lost ... Full story

MR 120 – Vibration, Removal or Weakening of Support

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, Section II of this insurance shall be extended to cover liability consequent upon loss or damage caused by vibration or by the removal or weakening of support. Provided always that -        the Insurers ... Full story

MR 119 – Principal’s Existing Property or Property Belonging to or Held in Care, Custody or Control by the Insured

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, Section I of this insurance shall be extended to cover loss of or damage to the Principal's existing property or property belonging to or held in care, custody or control ... Full story

MR 118 – Drilling Work for Water Wells

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the cover for well drilling work shall be restricted to loss or damage due to or resulting from the following named perils: -        Earthquake, volcanism, tsunami -        Storm, cyclone, flood, inundation, landslide -        Blow-out and/or cratering -        Fire/explosion -        Artesian waterflow -        Mud loss, which cannot be overcome ... Full story

MR 117 – Special Conditions for Laying Water Supply and Sewer Pipes

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall indemnify the Insured for any loss, damage or liability due to the flooding or silting of pipes, trenches or shafts only up to the maximum length of open trench stated below, partially or completely excavated, for any one loss event. The ... Full story

MR 116 – Cover for Insured Contract Works Taken Over or Put into Service

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, the insurance shall be extended to cover -        loss of or damage to parts of the insured contract works taken over or put into service if such loss or damage emanates from the ... Full story

MR 115 – Cover for Designer’s Risk

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, exclusion c under Special Exclusions to Section I of the Policy shall be deleted and exclusion d replaced by the following ... Full story

MR 114 – Serial Losses

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the following clause shall apply to this insurance: Loss or damage due to faulty design (if covered by endorsement), defective material and/or workmanship arising out of the same cause to structures, parts of structures, machines or equipment of the same type shall be indemnified ... Full story

MR 113 – Inland Transit

It is agreed and understood that, otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the insured having paid the agreed extra premium, Section I of this insurance shall be extended to cover loss of or damage to the property insured whilst in transit to the contract site other than on waterways or by air ... Full story

MR 112 – Special Conditions concerning Fire-Fighting Facilities and Fire Safety on Construction Sites

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss or damage directly or indirectly caused by or resulting from fire or explosion, provided always that: With regard to the progress of work adequate fire-fighting equipment and sufficient extinguishing agents are available and operative ... Full story

MR 111 – Special Conditions Concerning Removal of Debris from Landslides

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of -        expenses incurred for the removal of debris from landslides in excess of the costs of excavating the original material from the area affected by such landslides, -        expenses incurred for the repair of ... Full story

MR 110 – Special Conditions Concerning Safety Measures with Respect to Precipitation, Flood and In-undation

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability caused directly or indirectly by precipitation, flood and inundation if adequate safety measures have been taken in designing and executing the project involved. Adequate safety measures shall mean that allowance is made ... Full story

MR 109 – Warranty Concerning Construction Material

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to construction material by flood and inundation if such construction material does not exceed ... Full story

MR 108 – Warranty Concerning Construction Plant, Equipment and Machinery

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to construction plant, equipment and machinery by flood and inundation if, after the execution ... Full story

MR 107 – Warranty Concerning Camps and Stores

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to camps and stores by fire, flood or inundation if these camps and stores are located above the highest water level recorded anywhere on the ... Full story

MR 106 – Warranty Concerning Sections

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to or by embankments, cuttings and benchings, ditches and canals if these embankments, cuttings and benchings, ditches and canals are constructed in sections not exceeding in total ... Full story

MR 105 – Cover for Existing Structures and/or Surrounding Property

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, the cover under Section I shall be extended according to the following provisions to cover sudden and unforeseen physical loss of or damage to the structures stated below caused by ... Full story

MOLESTATION EXCLUSION

Company shall not be liable under the Policy to make any payment for Loss arising from any Claim made against the Insured directly or indirectly based upon, attributable to, or in consequence of any actual or alleged act of molestation or physical interference with any person.... Full story

MR 104 – Special Conditions Concerning the Construction of Dams and Water Reservoirs

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of -        grouting of soft rock areas and/or other additional safety measures even if their necessity arises only during construction, -        expenses incurred for dewatering even if the quantities of ... Full story

MR 103 – Exclusion of Loss of or Damage to Crops, Forests and Cultures

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability directly or indirectly caused to crops, forests and/or any cultures during the execution of the contract works Full story

MR 102 – Special Conditions Concerning Underground Cables, Pipes and Other Facilities

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured in respect of loss of or damage to existing underground cables and/or pipes or other underground facilities if, prior to the commencement of works, the Insured has inquired with the relevant authorities about the ... Full story

MR 101 – Special Conditions Concerning the Construction of Tunnels and Galleries

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of -        grouting of soft rock areas and/or other additional safety measures even if their necessity arises only during construction, -        overbreak excavation in excess of the minimum ... Full story

MR 100 – Cover for Testing of Machinery and Installations

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the period of cover shall be extended to include a test operation or a test loading but not beyond four ... Full story

MR 013 – Property in Off-Site Storage

It is agreed and understood that, notwithstanding the terms, exclusions, provisions and conditions of the Policy or any Endorsements agreed upon and subject to the Insured having paid the agreed extra premium, Section I of the Policy shall be extended to cover loss of or damage to property insured (except property being manufactured, processed or stored at the manufacturer's, distributor's or supplier's premises) ... Full story

MR 012 – Exclusion of Loss, Damage or Liability Due to Windstorm or Wind Related Water Damage

It is agreed and understood that, notwithstanding the terms, exclusions, provisions and conditions of the Policy or any Endorsements agreed upon, the Insurers shall not indemnify the Insured for loss, damage or liability directly or indirectly caused by or resulting from windstorm equal to or exceeding grade 8 on the Beaufort Scale ... Full story

MR 010 – Exclusion of Loss, Damage or Liability Due to Flood and Inundation

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability directly caused by or resulting from flood and inundation. Full story

MR 009 – Exclusion of Loss, Damage or Liability Due to Earthquake

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability directly or indirectly caused by or resulting from earthquake. Full story

MR 008 – Warranty Concerning Structures in Earthquake Zones

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability arising out of earthquake if the Insured proves that the earthquake risk was taken into account in design according to the official building codes valid for the site and ... Full story

MR 007 – Cover of Extra Charges for Airfreight

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover extra charges for airfreight. Provided always that such extra charges are incurred in connection with any loss of or damage to the ... Full story

MR 006 – Cover of Extra Charges for Overtime, Night Work, Work on Public Holidays, Express Freight

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover extra charges for overtime, night work, work on public holidays and express freight (excluding airfreight) Provided always that such extra are incurred ... Full story

MR 005 – Special Conditions Concerning the Construction and/or Erection Time Schedule

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the following shall apply to this insurance : The construction and/or erection time schedule together with any other statements made in writing by the Insured for the purpose of obtaining cover under the Policy as well as technical information forwarded ... Full story

MR 005 – Special Conditions Concerning the Construction and/or Erection Time Schedule

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the following shall apply to this insurance : The construction and/or erection time schedule together with any other statements made in writing by the Insured for the purpose of obtaining cover under the Policy as well as technical information forwarded ... Full story

MARINE LIABILITY EXCLUSION

Policy excludes cover for claims arising form or relating to marine engineering activities.   Full story

MR 004 – Extended Maintenance Cover

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended for the maintenance period specified hereunder to cover loss or damage to the contract works -     caused by the insured contractor(s) in the ... Full story

MR 003 – Maintenance Visits Cover

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended for the maintenance period specified hereunder to cover solely loss of or damage to the contractions carried out for the purpose of complying with the ... Full story

MR 002 – Cover for Cross Liability

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, the Third Party Liability cover of the Policy shall apply to the insured parties named in the Schedule as if a separate policy had been issued to each party, provided ... Full story

MR 001 – Cover for Loss or Damage due to Strike, Riot and Civil Commotion (SRCC)

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed extra premium, this Policy shall be extended to cover loss or damage due to strike, riot and civil commotion which for the purpose of this Endorsement shall mean (subject always to the ... Full story

MOTOR VEHICLES EXTENDED INJURY COVERAGE

It is agreed and declared that Exclusion 3.21 of this Policy is deleted and replaced by the following Personal Injury or Property damage arising out of the ownership, operation, possession or use by the Insured of any vehicle: 3.21.1   in respect of which there is required by Law to be in force compulsory liability Insurance.  Provided that this section 3.21.1 does not apply to vehicles whilst being ... Full story

MINOR CONSTRUCTION AND ERECTION CLAUSE

It is hereby declared and agreed that this policy is extended to cover property under construction or erection subject to the project having a contract value of USD……./ unlimited or less but cover excludes testing and commissioning absolutely. This extension in coverage strictly excludes Business Interruption and/or Advance Loss of Profit. Full story

MR 1209 – Special insurance cover: oil, gas and/or geothermal drilling rigs and equipment

This endorsement forms part of section 1 b and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.   Indemnification 1.1. The insurer shall indemnify the insured in respect of loss of or damage to: 1.1.1. drilling and oil and gas well servicing equipment, including spare parts, derricks, drill pipes, tools and miscellaneous appurtenances specified in the ... Full story

MR 1208 – Special insurance cover: costs for leak search

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall in the event of indemnifiable loss of or damage to property insured indemnify the ... Full story

MR 1207 – Special insurance cover: reactor pressure vessels with internals

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall indemnify the insured in respect of loss of or damage to reactor pressure vessels ... Full story

MR 1206 – Special insurance cover: costs of decontamination for nuclear plants

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall in the event of indemnifiable loss of or damage to property insured indemnify the insured in respect of the reasonable extra costs incurred to decontaminate property insured which has ... Full story

MR 1205 – Special insurance cover: nuclear fuel elements

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall indemnify the insured in respect of loss of or damage to nuclear fuel elements. 1.2. ... Full story

MR 1204 – Special insurance cover: guarantee maintenance cover during defects liability period

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. Clause 9.6.2.2. under "Exclusions to section 1 a" shall be deleted and replaced by the following wording:... Full story

MR 1203 – Special insurance cover: liability consequent upon vibration, removal or weakening of support

This endorsement forms part of section 2 and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall indemnify the insured in respect of liability consequent upon loss or damage resulting from vibration or by the ... Full story

MR 1202 – Special insurance cover: property insured taken into use or operation

This endorsement forms part of section 1 a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. Indemnification 1.1. The insurer shall indemnify the insured in respect of loss of or damage to property insured specified below which... Full story

MR 1201 – Special insurance cover: extra costs for airfreight

This endorsement forms part of   Section 1a (Y/N)   Section 1b (Y/N)   and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.   Indemnification 1.1. The insurer shall indemnify the insured in respect of reasonable extra costs for airfreight incurred to rectify loss or damage to property insured. 1.2. The indemnity provided by this endorsement shall not exceed during ... Full story

MR 1200 – Special insurance cover: strike, riot and civil commotion

This endorsement forms part of Section 1a  (Y / N) Section 1b  (Y / N)   and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.   Indemnification 1.1. The insurer shall indemnify the insured in respect of loss of or damage to property insured resulting from strike, lock-out, riot and civil commotion. 1.2. The limit of indemnity for anyone occurrence of ... Full story

MR 1000 – Cover for Loss of Profits following Loss or Damage Covered under Civil Engineering Completed Risks Insurance (CECR)

Notwithstanding exclusion 5 of the CECR policy, the Insurers shall indemnify the Insured in respect of loss of gross profit actually sustained due to the reduction in turnover and the increased cost of working as defined in this Endorsement, if at any time during the period of insurance stated in the Schedule to this Endorsement the items (or any part thereof) insured under the CECR ... Full story

MR 904 – Failure of Non-Public Power Supply

It is agreed and understood that, otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the extra premium agreed on, the Insurers will indemnify the Insured for any deteriora­tion or putrefaction occurring as a result of any failure of the non­public power supply, provided that ... Full story

MR 903 – Failure of Public Power Supply

It is agreed and understood that, otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the extra premium agreed on, the Insurers will indemnify the Insured for any deteriora­tion or putrefaction occurring as a result of any failure of the public power supply, provided that ... Full story

MR 902 – Insurance of Goods in Cold Storage under Controlled Atmosphere Conditions

It is agreed and understood that, otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed premium, this insurance covers loss of or damage to goods stored in cold storage under controlled atmosphere conditions, provided always that at the time of accident ... Full story

MR 894 – Sum Insured on Unit Price Basis

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the sum insured and indemnity shall be defined as follows The annual sum insured shall be calculated on the basis of the agreed unit price multiplied by the number of units the Insured produces during ... Full story

MR 893 – Proportional Time Excess

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the deductible in respect of the time excess shall be determined as follows: ... Full story

MR 892 – Indemnity Period Limits Exceeding 12 Months

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon for indemnity period limits exceeding 12 months, the following shall apply: The figures for annual sum(s) insured, annual turnover and standard turnover as defined or stated in the Policy shall be increased in the pro­portion ... Full story

MR 891 – Delay in Repair

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall, within the agreed indemnity period limit, be liable for a period not exceeding four weeks for any loss of gross profits due to delay in repair or replacement of damaged machines of foreign make, where such ... Full story

MR 866 – Failure of Public Power, Water, Gas or Steam Supply

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include loss of gross profits resulting from interruption of or interference with the business due to failure of the public power, water, gas or steam supply in accordance with the following conditions: ... Full story

MR 863 – Additional Expenditure other than Increase in Cost of Working

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, this insurance shall be extended to cover additional expenditure as specified below, other than increased cost of working, which may be incurred during the indemnity period as a consequence of an indemni­fiable interruption of or interference with the business. ... Full story

MR 862 – Maximum Demand Charges

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, this insurance shall be extended to cover the maximum demand charges as itemized in the power supply contract attached to and deemed to be incorporated in this Endorsement, such charges falling due as a consequence of indemnifiable loss of ... Full story

MR 861 – Increased Cost of Electricity, Water, Gas or Steam Supply

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, this insurance shall be extended to cover increased cost of elec­tricity, water, gas or steam - hereinafter referred to as energy - due to purchase thereof becoming necessary following an indemnifiable loss of or damage to... Full story

MR 857 – Prolongation of the Interruption Period due to Deterioration

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include a prolongation of the inter­ruption period due to the deterioration of raw materials, intermediate or finished products or operating media, provided that such deterioration is actually caused by an indemnifiable interruption of or ... Full story

MR 856 – Deterioration of Raw Materials, Intermediate or Finished Products, or Operating Media

  It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include deterioration of raw materials, intermediate, or finished products or operating media specified with a se­parate sum insured in the List of Material Insured attached to the Policy, the following conditions being applicable:... Full story

MR 855 – Radioactive Isotopes in Instruments

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include loss of gross profits resulting from prolongation of the interruption or interference due to the decontami­nation of items specified in the List of Machinery and Plant Insured, pro­vided that the contamination was caused ... Full story

MR 845 – Inspection and Overhaul of Boilers

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall indemnify the Insured in respect of loss of gross profits in consequence of any accident to the boilers named in the List of Machinery and Plant Insured, subject to the following conditions: The ... Full story

MR 844 – Overhaul of Steam, Water and Gas Turbines and Turbo-Generator Sets

sets are to be overhauled in ac­cordance with the manufacturers' recommendations  These periods shall commence as from the first start of operation or last overhaul of the turbo-generator set or part thereof, irrespective of the date of commencement of this insurance cover  The Insured shall advise the Insurers of any significant change In the ... Full story

MR 843 – Overhaul of Electric Motors and Generators

above 750 kW for types with 2 poles and above 1,000 kW for types with 4 poles or more  It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall indemnify the Insured in respect of loss of gross profits ... Full story

MR 842 – Non-Destructive Testing (NDT) of Presses, Shears and Similar Items with Frames or other Components exposed to High Stresses

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall indemnify the Insured in respect of loss of gross profits in consequence of an accident to item (s) No(s) specified in the List of Machinery and Plant Insured, ... Full story

MR 832 – Exclusion of flue gas explosions in boilers and furnaces

It is agreed and understood that, otherwise subject to the terms, ex­clusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurer shall not indemnify the Insured for any loss of gross profit incurred due to flue gas explosions in any boiler, furnace and/or associated plant or equipment. Full story

MR 831 – Exclusion of Inundation and Silting up in Hydro Power Plants

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not be liable for loss of gross profits following inundation or silting up caused by the fracture or bursting of a penstock, associated valves, turbines or pumps Full story

MR 829 – Machinery Breakdown during Guarantee Period

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, Exclusion No 3 of the Policy - material loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract -  shall be deleted. Full story

MR 817 – Underground Machinery and Equipment

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include loss of profits resulting from loss of or damage to  item(s) No(s) specified In the List of Machinery and Plant Insured, such loss or damage being due ... Full story

MR 813 – Internal Fire, Internal Chemical Explosion and Direct Lightning

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover shall be extended to include loss of gross profits following loss of or damage to item(s) No(s) specified in the List of Machinery and Plant Insured caused by internal fire, the extinguishing ... Full story

MR 812 – Hull Risk for Mobile Equipment Including Inland Transit

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover will be extended to include loss of gross profits following loss of or damage to  item(s) No(s) specified in the List of Machinery and Plant Insured caused by flood, earthquake, inundation, landslide ... Full story

MR 811 – Hull Risk for Mobile Equipment on Premises only

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, cover will be extended to include loss of gross profits following loss of or damage to item{s) No(s) specified in the List of Machinery and Plant Insured caused by flood, earthquake, inundation, landslide ... Full story

MR 731 – Adjustment of Sum Insured and Premium

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the following alteration of Memo 1 of the provisions shall apply to this insurance: The Insurers shall waive the right to apply underinsurance, provided the sum insured at the beginning of the insurance was correctly fixed ... Full story

MR 713 – Cover for Hurricane, Cyclone and Typhoon

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premi­um, this insurance shall be extended to include the risk of hurricane, cyclone and typhoon up to a limit of                     anyone event.... Full story

MR 712 – Exclusion of Loss or Damage Due to Flood, Inundation, Storm or Tempest

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of any loss or damage arising from flood or inundation and storm or tempest. Full story

MR 711 – Exclusion of Loss or Damage Due to Fire, Lightning, Explosion and Impact of Aircraft

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of any loss or damage arising directly from lightning, directly or indirect­ly from fire, the extinguishment of a fire, or clearance of debris and dismantling necessitated thereby, ... Full story

MR 710 – Exclusion of Mechanical and Electrical Breakdown

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of any loss or damage arising from mechanical or electrical breakdown of the insured items. Full story

MR 641 – Hull Risk for Mobile Equipment Including Inland Transit

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, cover will be extended to include loss of gross profits following loss of or damage to item(s) No(s) specified in the Subsection 1.2 of the Schedule of the Policy  caused ... Full story

MR 641 – Hull Risk for Mobile Equipment Including Inland Transit

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, cover will be extended to include loss of gross profits following loss of or damage to item(s) No(s) specified in the Subsection 1.2 of the Schedule of the Policy caused ... Full story

MR 640 – Hull Risk for Mobile Equipment on Premises Only

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, cover will be extended to include loss of gross profits following loss of or damage to item(s) No(s) specified in the Schedule of the Policy  caused by flood, earthquake, inundation, ... Full story

MR 632 – Failure of Non-Public Power Supply

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed extra premium, the Insurers will indemnify the Insured for any deterioration or putrefaction occurring as a result of any failure of the non-public power supply, pro­vided that ... Full story

MR 631 – Failure of Public Power Supply

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed extra premium, the Insurers will indemnify the Insured for any deterioration or putrefaction occurring as a result of any failure of the public power supply, provided that ... Full story

MR 630 – Insurance of Goods in Cold Storage under Controlled Atmosphere Conditions

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed premium, this insurance shall cover loss of or damage to goods stored in cold storage under controlled atmosphere conditions, provided always that at the time of ... Full story

MR 621 – Cover for Water Well Drilling Rigs and Equipment

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover drilling rigs and equipment warranted that such equipment is not used for oil, gas and/or geothermal drilling or ... Full story

MR 620 – Cover for Inland Transit

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover loss of or damage to the insured items whilst in transit anywhere in   Extra ... Full story

MR 620 – Cover for Inland Transit

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover loss of or damage to the insured items whilst in transit anywhere in Full story

MR 608 – Cover for Mobile and Portable Equipment outside the Premises

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to include loss of or damage to the mo­bile and or portable equipment as specified under item(s) No(s)... Full story

MR 701 – Cover of Mobile and Portable Equipment Outside the Premises

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premi­um, this insurance shall be extended to include loss of or damage to the mobile and/or portable equipment as specified under Item(s) No(s)... Full story

MR 607 – Cover for Theft of Electronic Equipment

  It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy of endorsed thereon, and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to include the risk of theft of the elec­tronic equipment  item(s) No(s) contained in the Schedule of ... Full story

MR 606 – Cover for External Data Media of EDP Systems

It is agreed and understood that otherwise subject to terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed extra premium, this in­surance shall be extended to cover loss of or damage to the external data media inclusive of the information stored thereon, which can directly be processed in EDP ... Full story

MR 605 – Inspection and Overhaul of Boilers

It is agreed and understood that otherwise subject to the terms, exclu­sions, provisions and conditions contained in the Policy or endorsed thereon, the following shall apply to this insurance in respect of item(s) No(s) contained in the Schedule of the Policy.  The Insured shall arrange at his own expense an inspection of ... Full story
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