RENT CLAUSE (Building Owner)

It is hereby agreed and declared that in the event of the said premises or any part thereof becoming untenantable as a result of its destruction or damage by fire or any other peril hereby insured against, and the rent thereby ceasing, the Insurer will, subject to the conditions hereinafter contained, indemnify the Insured for […]

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RENT CLAUSE

Insurance on Rent applies only if (any of) the said buildings(s) or any part thereof is unfit for occupation in consequence of any of the perils hereby insured and then the amount payable shall not exceed such proportion of the sum insured on Rent as the necessary period of unoccupancy bears to the term of […]

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REMOVAL PERMIT

It is hereby understood and agreed that this Policy shall be extended to cover against all direct loss and/or damage caused by the removing of property hereunder insured, from locations or premises affected by the perils insured hereunder, and also to cover during the terms of 10 (ten) days, such property in any other place […]

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REMOVAL OF DEBRIS CLAUSE

This Policy covers the necessary expense for removal of debris of insured property from the described Premises as a result of physical loss destruction or damage insured against under this Policy. The Insurers’ total liability for debris removal is limited to the amount entered in the Schedule. PEMINDAHAN PUING Polis ini menjamin biaya yang diperlukan […]

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RELOCATION EXPENSES

Costs and expenses necessarily and reasonably incurred for the temporary protection and safety of property hereby insured pending repair or replacement consequent upon damage recoverable hereunder. KLAUSUL BIAYA RELOKASI Dicatat dan disetujui pertanggungan terhadap ongkos dan biaya-biaya yang diperlukan untuk pengamanan sementara dan keselamatan harta benda yang dipertanggungkan selama menunggu perbaikan atau penggantian atas kerusakan […]

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REINSTATEMENT WORKS

In the event of any loss under this Section of this Policy any cost of reinstatement shall include the cost of reinstating foundation and cost of excavation grading, filling, site preparation and related civil work necessary for the reinstatement of the property insured hereunder. PEKERJAAN PEMULIHAN Pada saat kejadian kerugian apapun yang dijamin dalam bagian […]

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REINSTATEMENT VALUE

It is hereby declared and agreed that in the event of the property insured being destroyed or damaged, the basis upon which the amount payable under this Policy is to be calculated, shall be the cost of replacing or reinstating on the same site property of the same kind or type but not superior to […]

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REINSTATEMENT OF LOSS (AAUI ver)

It is hereby agreed that in consideration of the Insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a pro-rata basis from the date of reinstatement to the expiry of the current period of insurance, it is agreed that in the event of loss the insurance […]

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REGISTERED VEHICLE AND/OR TRAILERS

Notwithstanding the provisions of any Property exclusion, this Policy extends to include loss resulting from interruption of or interference with the Business occasioned by damage to registered vehicles and/or trailers whilst such vehicles or trailers are at the premises owned or occupied by the Insured; provided always that this Policy does not cover loss resulting […]

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