Misdescription of property insured clause
- Thursday, December 28, 2017, 15:19
- M-Clauses
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In the event of an unintentional misdescription of the location at which property insured is physically situated or the unintentional failure to include any property in which the insured has an insurable interest, this policy shall cover physical loss or damage to such property as if the errors had not occurred providing the value of the property insured
does not exceed 10% of the property values declared to this policy or any other limit of indemnity specified in the schedule and such error is reported to the insurer by the insured immediately following discovery.
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