Archive for the ‘T-Clauses’ Category

Including Temporary Storage (30 days)

It is understood and agreed that the insurance under this policy extends to include the temporary storage of cargo to a maximum limit of …………….. any one location in the Republic of Indonesia other than that specified in the Policy up to maximum period of 30 (thirty) days upon arrival. The extension, however does not apply to property ... Full story

Klausul Berpergian Menggunakan Pesawat Reguler (Commercial) atau Sewa (Chartered), Kecuali Helikopter

Dengan ini dicatat dan disetujui bahwa dengan adanya tambahan premi, Polis ini menjamin risiko kematian atau cacat tetap yang diderita oleh Tertanggung dan/atau Orang yang dipertangungkan pada saat perjalanan udara sebagai penumpang resmi pada penerbangan yang telah diakui yang  beroperasi pada rute penerbangan yang  terjadwal dan secara teratur; atau sebagai penumpang pada pesawat udara sewaan yang dioperasikan oleh  perusahaan penerbangan udara ... Full story

TRADE EXHIBITIONS

Loss as insured by this Policy resulting from interruption of or interference with the Business owing to the curtailment of any trade exhibition in consequence of damage at such situation(s) and/or to property exhibited therein by the Insured shall be deemed to be loss resulting from Damage to property used by the Insured at the Premises for the purpose of the ... Full story

TURNOVER/OUTPUT ALTERNATIVE

At the option of the Insured the term 'Output' may be substituted for the term 'Turnover' and, for the purpose of this Policy, 'Output' shall mean the sale and/or invoice value of goods manufactured and/or processed by the Insured in course of the Business at the Premises. Provided that only one such meaning shall be operative in connection with any one ... Full story

TURNOVER ELSEWHERE AFTER DAMAGE

If during the Indemnity Period goods shall be sold or services shall be rendered elsewhere than at the Premises for the benefit of the Business either by the Insured or by the others on the Insured's behalf, the money paid or payable in respect of such sales or services shall be brought into account in arriving at the Turnover during the ... Full story

Time excess and monetary deductible clause

In respect of each and every occurrence or of damage to property insured, the insurer shall not be liable for the amount obtained by multiplying the average daily value of the loss of interest insured sustained during the indemnity period by the number of days specified in the schedule as the time excess or for the amount of any monetary deductible specified in the schedule, whichever is ... Full story

Theft Exclusion Clause

This Policy does not cover loss or damage caused by Theft, unless involving entry to or exit from a building by forcible and violent means or unless as a result of or in connection with actual or threatened assault or violence or use of force at the location against the insured or any employee of the insured or any other person lawfully on the location (burglary. Full story

Time Deductible

The monetary amount corresponding to the Time Deductible shall be calculated by multiplying the average daily value of loss sustained during the Period of Indemnity by the number of days agreed upon as the Time Deductible and shall be deducted from the amount payable. Full story

Territorial and Jurisdiction Endorsement (Local Jurisdiction – Indonesia)

It is hereby understood and agreed that: Conditions 7.11 Jurisdictional Limitation is deleted in its entirety and replaced by the following: The cover this Policy provides is limited to any Claim brought in a court of law of the state, administrative region, territory or country in which this Policy is issued; Conditions 7.261 Territorial Limitation is deleted in ... Full story

Treatment Efficacy 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 the failure of any treatment or product to correctly fulfil its intended use or function and/or meet the level of performance, quality, fitness or durability warranted or represented by You or on Your behalf. Full story

Third Party Funds 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 the misallocation, misdirection or similar of third party funds and/or third party clients’ funds . Full story

Territorial and Jurisdiction Endorsement (Including USA / Canada)(cannot remove standard pollution exclusion in policy wording when issuing this endorsement)

It is hereby understood and agreed that: (a)  Exclusion 6.19 USA/Canada Territory and Jurisdiction is deleted in its entirety; and (b)  Condition 7.10 Jurisdictional Limitation is deleted in its entirety and replaced by the following: The cover provided by this Policy shall apply to Claims brought anywhere in the world. (c)   Condition 7.25 Territorial Limitation is deleted in its entirety and replaced by the following: The cover provided by this ... Full story

TOOL OF TRADE RISK

Notwithstanding anything contained herein to the contrary this Policy is extended to include the Insured’s liability caused by and arising out of accidental death or bodily injury or damage to property as defined caused by and arising out of any work carried out by sub-contractors in connection with the Insured’s business. Full story

THIRD PARTY AND PASSENGERS LIABILITY CLAUSES

It is hereby noted and agreed that notwithstanding herein contained in Section Liability to Third Party and Passengers Liability, The Company shall indemnify the insured up to an amount of USD or US$ 1,000,000.00. Per accident with regard to demands against the insured by person (s) inside or outside the motor vehicle insured under this policy at the moment of the accident with the exception of ... Full story

TERRORISM EXCLUSION CLAUSE (NMA 2920)

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death injury, illness, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any ... Full story

TENANT’S LIABILITY

It is hereby understood and agreed that property in the charge of or under the control of the Insured shall be deemed not to include Premises (including Fixtures and Fittings) Leased or rented to the Insured including residence occupied by expatriates. Subject otherwise to the Terms Exceptions and Conditions and Conditioned of this Policy Full story

TENANT CLAUSE

Should a tenant of the Insured in any Within Building do or omit to do, without the knowledge or consent of the Insured, anything which would vitiate any Condition and/or Warranties, this Section will not be held to be void on that account provided that the Insured shall not notify to the Company the happening or existence of such act or omission as soon as ... Full story

TENANTS LIABILITY – LOSS OR DAMAGE TO LEASED OR RENTED PREMISES.

It is hereby declared and agreed that this policy is extended to indemnity the Insured against liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business. Full story

TAILING POLLUTION EXCLUSION

It is hereby noted and agreed that pollution including sudden and/or accidental occurrences are excluded from this policy when in relation to tailings on land, air and/or sea Full story

TEMPORARY VISITS OVERSEAS

It is agreed that this policy shall extend to cover the legal liability of the insured within the terms, exceptions and conditions of this policy in respect of travel out of the geographical limits by directors’ executives or employees of the insured. Subject otherwise to the terms, conditions and exceptions of this policy. Full story

TENANTS LIABILITY

It is hereby declared and agreed that this Policy is extended to indemnify the Insured against Liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business. Full story

TIME ADJUSTMENT CLAUSE (72 HOURS)

It is agreed that any loss of or damage to the Insured Property described in the schedule arising during any one period of 72 consecutive hours, caused by storm, tempest, flood and earthquake shall be deemed as a single event and therefore to constitute one occurrence with regard to the excesses provided for herein. For the purpose of the foregoing the commencement of any such ... Full story

THE GOODS

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Provided that: The liability of the Company under this endorsement for all damages payable in respect of all occurrences happening in any one period of insurance shall not exceed the sum of                        IDR 50,000,000.-/location and IDR. 1,000,000,000.-/aggregate. The company will not indemnify the Insured in respect of liability Caused by the Design Plan Drawing specification or formula of the goods or their containers For loss ... Full story
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TERMINATION OF TRANSIT CLAUSE (TERRORISM)

This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith. Notwithstanding any provision to the contrary contained in this Policy or the Clauses referred to therein, it is agreed that in so far as this Policy covers loss of or damage to the subject-matter insured caused by any terrorist or any person acting from a political motive, ... Full story

TENANTS LIABILITY CLAUSE

It is hereby notes and agreed that notwithstanding anything contained to the contrary this policy is extended to indemnify the insured against liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business   Full story

TENANTS LIABILITY

It is hereby declared and agreed that this Policy is extended to indemnify the Insured against Liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business. Full story

TERRITORIAL LIMIT EXCLUDE HANGAR AREA

This Policy is does not cover liability in respect of Claims made and actions instituted within Hangar area Full story

TENANT’S LIABILITY

It is hereby understood and agreed that property in the charge of or under the control of the Insured shall be deemed not to include Premises (including Fixtures and Fittings) Leased or rented to the Insured including residence occupied by expatriates. Subject otherwise to the Terms Exceptions and Conditions and Conditioned of this Policy Full story

TENANTS LIABILITY CLAUSE

The exclusion of property in the charge or under the control of the Insured or any servant of the Insured shall not apply in the event of loss or damage to the premises (all fixtures or fittings thereon) hired, leased or rented to the Insured. Further, this insurance extends to cover the Insured’s legal liability as occupiers of the premises.... Full story

TURNOVER/OUTPUT ALTERNATIVE

At the option of the Insured the term “output” may be substituted for the term “Turnover” and ,for the purpose of this Policy, ‘Output’ shall mean the sale and/or invoice value of goods manufactured and/or processed by the Insured in course of the Business at the Premises. Provided that only one such meaning shall be operative in connection with any one ... Full story

30 (THIRTY) DAYS CANCELLATION CLAUSE

Both the Insured and the Company are entitled to terminate this insurance upon 30 (thirty) days in writing being given by registered letter. When the Insurer terminates the insurance, he is obligated to return pro-rata premium for unexpired period of insurance. If it is the Insured who terminates the insurance, premium will be calculated on ... Full story

TERORISM EXCLUSION CLAUSE (NMA 2920)

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death injury, illness, cost or expense of whatsoever nature directly or indirectly caused by , resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence ... Full story

TERRORISM EXCLUSION CLAUSE (NMA 2920)

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death injury, illness, cost or expense of whatsoever nature directly or indirectly caused by , resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence ... Full story

TERRORISM EXCLUSION ENDORSEMENT

Notwithstanding any provision to contrary within this Insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death, injury, illness, cost or expenses of whatsoever nature directly or indirectly caused by resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other consequence to the ... Full story

TYPHOON, STORM, FLOOD & WATER DAMAGE

In consideration of the payment by the Insured of an additional premium as per schedule hereinafter appearing, it is understood and agreed that notwithstanding anything contained in this Policy to the contrary, this insurance extends to cover damage and/ or destruction to the properties hereby insured resulting from the action or the direct consequence of: Storm and/or ... Full story

TENANT IMPROVEMENTS CLAUSE

The insurance by this Policy extends to include tenants improvement and alteration to Landlord’s property insofar as the Insured is responsible therefore. Full story

TURNOVER/OUTPUT CLAUSE

It is agreed that in the event of a claim arising under this section, adjustment may be based on “turnover or output” or whatever other index of business activity affords the insured the most equitable result and except in the definition of turnover, the world “ wherever used in this policy shall read as “turnover” or output. Output shall mean sale ... Full story

THEFT OF PARTS OF PREMISES

Notwithstanding anything contained in this Policy to the contrary, this insurance applies in regard to loss or damage to property forming part of the buildings or which is permanently attached to any parts of the building (s) provided that the total liability of the Insurer (s) during any one  period of insurance  for all such costs is limited to 10% of ... Full story

THEFT FOLLOWING FIRE AND ALLIED PERILS

Notwithstanding anything herein contained to the contrary this insurance extends to cover loss of or damage to the property insured by theft following upon any contingency covered by and giving rise to a claim under a fire and allied perils policy. Full story

THEFT BY USE OF KEYS/SKELETON KEYS

This insurance extends to cover loss of or damage  to the property insured following upon entry into and/or exit from the premises by use of any authorized key/s, and or any skeleton keys.   Full story

TEMPORARY VISITS OVERSEAS

It is agreed that this Policy shall extend to cover the legal liability of the insured within the terms, exceptions and conditions of this policy in respect of travel out of the geographical limits by directors executives or employees of the  insured. Subject otherwise to the terms, conditions and exceptions of this policy. Full story

TIME ADJUSTMENT CLAUSE (72 HOURS)

It is agreed that any loss or damage to the Insured property arising during any one period of seventy two (72) consecutive hours, caused by storm tempest flood or earthquake shall be deemed as a single event and therefore to constitute one occurrence with regard to the deductibles provided for herein. For the purpose of the foregoing the ... Full story

TRANSMISSION & DISTRIBUTION LINES EXCLUSION CLAUSE

All Transmission and distribution, including wire, cables, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signals whether audio or visual. This exclusion applies to both ... Full story

TERRORISM EXCLUSION CLAUSE (NMA 2920)

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death injury, illness, cost or expense of whatsoever nature directly or indirectly caused by , resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence ... Full story

THEFT INCLUSION CLAUSE

Notwithstanding anything contained herein to the contrary this section is extended to cover theft of insured property during and/or after the occurrence of a fire or other peril covered under the terms of this policy, but this extension does not cover theft by employees. Full story

THEFT CLAUSE

It is hereby declared and agreed that this policy is extended to indemnify the Insured against loss following theft from the premises but excluding theft in which any member of the insured’s family or household or his business staff may be concerned as either principal or accessory. Subject otherwise to terms, exceptions and conditions of the policy. Full story

TENANTS CONTINGENCY

Should another tenants in any within describe building do or ornit to do. Without the knowledge of the insured. Anything which would violent any Conditions and/or Warranties, this section will not be held to be void in that account provided that the Insured shall notify to the Company the happening or existence of such act or omission as soon as the ... Full story

TRANSHIPMENT CLAUSE

With leave to land, transship and reship the whole or any part of this interest at any port and/or ports, place and/or places, whosesoever, whether on the direct route or otherwise, per any steamer and/or conveyances whatsoever. Full story

TEMPORARY REMOVAL CLAUSE

It is hereby agreed that the property insured by this Policy (other than any stock in trade or merchandise) is covered in respect of the perils hereby insured against whilst temporarily removed for cleaning, renovation, repair or other similar purposes elsewhere on the same premises or any other premises in the Republic of Indonesia and in transit thereto and therefrom by ... Full story

TYPHOON, STORM, FLOOD & WATER DAMAGE

In consideration of the payment by the Insured of an additional premium as per schedule hereinafter appearing, it is understood and agreed that notwithstanding anything contained in this Policy to the contrary, this insurance extends to cover damage and/ or destruction to the properties hereby insured resulting from the action or the direct consequence of: ... Full story

TERRORISM AND SABOTAGE EXCLUSION CLAUSE

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 Terrorism and Sabotage.  Notwithstanding anything which may be defined in any laws or regulations to ... Full story

TRANSMISSION AND DISTRIBUTION LINES EXCLUSION CLAUSE

All transmission and distribution lines, including wires, cables, poles, pylons, standards, towers and any equipment of any type which may be attendant to such installations, including substations of any description, unless such substations are specifically declared as part of the insured assets/locations. However, poles, pylons, standards, towers are not considered as insured structure. This exclusion includes but is ... Full story

TEMPORARY ACCOMMODATION COST CLAUSE

It is hereby agreed that this Policy is extended to indemnify the Insured for a reasonable temporary accommodation cost incurred by the Insured, in case the Building located in the Situation is temporarily inhabitable  as  a  result  of  loss  or  damaged  covered under this Policy. Amount payable under this clause shall not exceed in the aggregate Rp 25,000,000... Full story

Transmission & Distribution Lines Exclusion Clause

This policy does not cover all transmission and distribution, including wire, cables, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signals whether audio or visual.... Full story

NMA 2920 : Terrorism Exclusion Endorsement

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.... Full story

TENANTS IMPROVEMENTS CLAUSE

The insurance by this Policy extends to include tenants improvements and alteration to Landlord’s property insofar as the Insured is responsible therefore. KLAUSUL PERBAIKAN OLEH PENYEWA Pertanggungan dibawah Polis ini diperluas termasuk  perbaikan dan perubahan-perubahan yang dilakukan Tertanggung sebagai Penyewa atas harta benda milik Pemilik Tanah, sepanjang Tertanggung bertanggung jawab untuk hal tersebut.... Full story

TEMPORARY REMOVAL CLAUSE

It is hereby agreed that the property insured by this Policy (other than any stock in trade or merchandise) is covered in respect of the perils hereby insured against, whilst temporarily removed for cleaning, renovation, repair or other similar purposes elsewhere on the same premises or any other premises in the Republic of Indonesia and in transit thereto and  therefrom by ... Full story

TURNOVER/OUTPUT CLAUSE

It is agreed that in the event of a claim arising under this section, adjustment may be based on ‘turnover or output’ or whatever other index of business activity affords the most equitable result and except in the definition of turnover the word ‘turnover’ wherever used in this policy shall mean sale value of goods manufactured by, or sold by, the ... Full story

TREATMENT RISK EXCLUSION CLAUSE

This Policy does not cover liability in respect of Personal Injury arising directly or indirectly out of or caused by treatment prescribed or administered by the Insured or on the Insured’s behalf. Full story

TREE LOPPING EXCLUSION CLAUSE

This Policy does not cover liability in respect of Personal Injury or Property Damage arising directly or indirectly out of or caused by tree lopping, cutting or removal where the tree involved exceeds 3.5 metres in height.           Full story

Third Party Liability of Directors and Executives Clause

It is agreed and understood that subject to the Insured having paid the agreed additional premium, this Policy shall be extended to cover the third party liability of the Insured's directors and executives for accidents happening in their business traveling or business trips, subject to the following limits of liability during the period of insurance. Limit of Indemnity ... Full story

Tenant’s Liability Clause

It is agreed and understood that subject to the Insured having paid the agreed additional premium, this Policy shall be extended to cover the Insured's legal liability for the claims made against the Insured for accidental bodily injury of and/ or accidental property damage to any third party caused by fire to the buildings leased. This Clause is ... Full story

TOOL OF TRADE RISK CLAUSE

Notwithstanding anything contained herein to the contrary this Policy is extended to include the Insured’s liability caused by and arising out of accidental death or bodily injury or damage to property as defined caused by and arising out of any work carried out by sub-contractors in connection with the Insured’s business. Full story

PERLUASAN JAMINAN TERBAKAR SENDIRI

KLAUSUL 4.13. PERLUASAN JAMINAN TERBAKAR SENDIRI (API YANG TIMBUL SENDIRI) Full story

TENANTS IMPROVEMENTS CLAUSE

TENANTS IMPROVEMENTS CLAUSE The insurance by this Policy extends to include tenants improvements and alteration to Landlord’s property insofar as the Insured Full story

TEMPORARY REMOVAL CLAUSE

TEMPORARY REMOVAL CLAUSE It is hereby agreed that the property insured by this Policy (other than any stock in trade or merchandise) is covered in respect of Full story
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