Posts Tagged ‘ESCALATION CLAUSE’

Escalation Clause

If during the Period of Insurance the actual Total Project Value shall be in excess of the Estimated Total Project Value the Total Sum Insured under Section I of this Policy shall be automatically increased by the amount of such excess but not exceeding in all 15% of the Total Sum Insured shown in the Schedule and the Insured shall make ... Full story

ESCALATION CLAUSE

In consideration of the payment of an additional premium amounting to 10% (ten percent) of the premium produced by applying the specified percentage to the first or the annual premium as appropriate on the item(s) as specified in schedule a the sum insured thereby shall, during the period of insurance, be increased each day an amount representing 1/365th of the specified ... Full story

ESCALATION CLAUSE

ESCALATION CLAUSE In consideration of the payment of an additional premium amounting to 10 % of the premium produced by applying the specified percentage Full story
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