MATERIAL DAMAGE PROVISO WAIVER CLAUSE

“It shall not be a condition precedent to liability in respect of interruption of interference in consequence of destruction or damage (as within defined) that payment shall have been made or liability admitted under the Insurance covering the interest of the Insured in the property at the premises against such destruction or damage if no such payment shall have been made nor liability admitted solely owing to the operation of a proviso in such Insurance excluding liability for losses below a specified amount”.

Klausul ini tetap mengharuskan adanya kerusakan fisik (physical damage) pada bangunan, mesin, stock atau harta benda lainnya yang diasuransikan walaupun kerugian fisik yang ditimbulkan minor atau dibawah potongan klaim (deductible), Business Interruption yang terjadi haruslah merupakan dampak langsung dari kerusakan fisik (yang minor tadi).

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