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:

  1. Storm and/or tempest, or the direct consequence thereof
  2. Flood due to water which gas overflowed beyond the normal boundaries of river, watercourse, lake or sea
  3. Water, other that water resulting form any the forgoing casualties, entering in to the premises from outside.

Including the cost necessarily incurred in the removal of water and debris from the building.  The indemnity granted by this Endorsement does not, however under any circumstances cover:

  1. Stock and/or other removable items stored in the open
  2. Loss or damage arising from erosion, subsidence, landslide
  3. , volcanic eruption or other convulsions of nature
  4. Seepage
  5. Loss or damage due to water discharged from sprinklers or drenched installations in the premises
  6. Consequential loss or damage of any kind or description
  7. Loss or damage due to failure of inadequacy of on other defects in any water pumping apparatus used for the purposes of discharging water from any basement or sump and any water apparatus especially fitted or installed for trade purposes and processes

Special conditions:

  1. The Insured shall, under penalty of nullity of the insurance under this Endorsement, take all reasonable steps to maintain the building, roof-guttering, water tanks, pipes, drains and other water apparatus in good state of repair
  2. If the actual value of the property hereby insured at the commencement of any destruction or damage to such property by any perils insured against by this Endorsement if collectively or separately of grater value that the Sum Insured thereon, then the Insured shall be considered as being his own Insurer for  the difference and shall bear a ratable share of the amount of the loss accordingly.  Every item if more than one of the policy shall be separately subject to this condition.

Provided that, it is herby expressly agreed and declared that the liability of the Insurer shall in the aggregate in no case exceed the sum Insured in respect of each item sum expressed in the Schedule of the Policy

  1. In all respect the Insurance under this Endorsement is subject to the Policy conditions

Deductible: as per schedule

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