| 外贸族 2008-04-14 【收藏】 【推荐】 【评论】 | Whole Doc. I. THE PROPERTY INSURED The property insured shall refer to all properties andexpensesspe- cified in the Schedule of this Policy. Unless specifically agreed upon in writing between the Insured and the Company and appraised and value-established by professionals or assessors, the following articles and the expensesrelevanttheretoshallnotbe covered under this Policy: 1. gold, silver, pearls, diamonds, precious stones and jades; 2. antiques, articles of virtue,ancientcoins,ancientbooksand ancient paintings; 3. works of art or postage stamps; 4. advertisements, aerials, neon, pieces of solar energy apparatus etc. on buildings; 5. computer system records or its making and copying costs. Under no circumstances shall the following articlesrelevantthereto p4 A% }+ w5 g5 B be covered hereunder: 1. guns, ammunition or explosives; 2. banknotes, securities, bills, documents, files,accountbooksor drawings; 3. animals, plants and agricultural crops; 4. mobile phones, portable computers, removablephotographapparatus or other precious articles; 5. vehicles licensed for general transport use. II. SCOPE OF COVER The Company shall indemnify the Insured inrespectofthephysical loss of or damage to the insured property stated intheScheduleduring the period of insurance directly arising from the following perils: 1. fire; 2. explosion; but not including explosion ofaboilerorotherpressurerelief devices; 3. lightning; 4. hurricane, typhoon and tornado; 5. storm, tempest and flood; but not including loss or damage causedbychangeinnormalwater B8 \3 q, Y1 b7 c5 K- \ level or inundation from sea water or water escapeorleakagefromthe normal confines of any natural water course, lake or reservoir,canalor dam as well as loss of or damage to the insured property caused bystorm, tempest or flood while being stored in the open or covered by orundera shed thatched with reeds, tarpaulins,straw,asphaltfelt,plasticor nylon sheet; 6. hailstorm; 7. landslide, rockslide, avalanche; 8. volcanic explosion; 9. subsidence of ground; butnotincludinglossordamageresultingfrompiledriving, groundwork or excavation; 10. crashing aircraft and parts or articles falling from aircraftand other flying objects; 11. bursting of water tank or pipe; but not including bursting of water tank or pipe due to rust. III. EXCLUSIONS This Company shall not be liable for: 1. loss of or damage to the insured propertyorexpensescausedby g$ M, \: e e4 S% intentional act or gross negligence of the Insured or his representative; 2. loss of or damage totheinsuredpropertycausedandexpenses incurred by earthquake or tsunami; 3. depreciation, loss of market, loss of use andotherconsequential losses of any description; 4. loss of or damage to theinsuredpropertyorexpensesincurred arisingfromwar,warlikeoperation,hostilities,armed conflicts, terrorism, conspiracy insurrection, coup d'etat, strike, riot,andcivil commotion; 5. confiscation, requisition, destruction or damage by anyactionor order of any government de jure or de facto or by any public authorities; 6. loss of or damage to insured property directly or indirectly caused or expenses incurred by nuclear fission, nuclear fusion,nuclearweapon, nuclear material, nuclear radiation and radioactive contamination; 7. loss or damage caused and expenses incurredbypollutionofany o8 e! I; h6 kindordescriptionwhatsoeversuchasatmosphere,landandwater pollutions but this does not include loss or damagecausedbypollution arising from PERILS specified in Article II the Policy; 8. the deductibles stated in the Schedule to be borne by the Insured; 9. loss or damage arising from any other perils not listed inArticle II of this Policy. IV. TREATMENT OF CLAIM 1. The Company shall at its option, indemnify the Insuredinrespect of loss or damage falling within the ScopeofCoverofthePolicyby either: 1.1 paying the amount of the actual valueofthepropertylostor damaged or; 1.2 paying the necessary cost of repairing orrestoringthedamaged property to its nearest condition immediately preceding the damage or; 1.3 repairing or restoring the damaged property to a condition near to other property of like kind and quality. www.waimaozu.com 2. Indemnity under this Policy shall be based uponthesoundmarket value of the property prevailing at the time of loss. If the soundmarket value of the damaged property islowerthanthesuminsuredofsuch property, the claim shall be settled on its marketvalue;Ifthesound market value of the property is in excess of the sum insured, theCompany shall only be liable for such proportion of the claim as thesuminsured of the damaged property bears to its sound market value.Iftheinsured property enumerated in the Schedule is more than one item,theprovision of this clause shall apply to each thereof. 3. If a claim for loss of or damage to the insured item is settledon a total loss basis, the salvage value of such item shall be deductedfrom the indemnity payable by the Company. TheCompanymay,atitsoption, decline the abandonment of any damaged property by the Insured. www.waimaozu.com 4. In the event of loss of or damage toanyequipmentiteminsured forming part of a pair or set, the Company shall not be liable inrespect of each of such item lost or damaged for more than its proportionatepart of the sum insured on the complete pair or set. 5. In the event of any loss occurrence, the Company shall also pay the Insured for the expenses reasonably incurred for taking necessary measures to minimize loss or damage to the least extent, but in no case shallsuch expenses referred hereto exceed the sum insured of the insured property. 6. Upon settlement of a claim, an endorsement shall be issuedbythe Company to reduce the sum insured corresponding to thepropertylostor damaged by the amount so settled from the date ofloss,andnopremium shall be refunded for the amount so reduced. If reinstatement ofthesum insured is required by theInsureduponsettlementoftheclaim,an ~0 X) additional premium for the reinstated amount shall be charged at an agreed rate, and be calculated on pro rata daily basis from the date oflossto the expiry of the insurance. 7. The time of validity of a claimunderthisinsuranceshallnot exceed a period of two year counting from the date of loss. V. INSURED'S OBLIGATIONS The following Obligations shall be strictly fulfilled bytheInsured and his representative: 1. The Insured and his representative,whenapplyingforinsurance shall make true answers or descriptions to the questions intheProposal and Questionnaire or to any other questions raised by the Company. 2. The Insured and his representative shall pay to the Company indue course the agreed premium in the manner as provided intheScheduleand Endorsements. 3. During the period of this insurance, the Insured shall athisown 外@贸@族 expense takeallreasonableprecautions,includingpayingsufficient attention to and putting into practice the reasonablerecommendationsof the Company, prudently selecting the workmen and employeesandcomplying with all statutory regulations and safety operation procedures. 4. In the event of any occurrence which gives or might give rise toa claim under this Policy, the Insured or his representative shall: 4.1 notify the Company immediately and within seven (7)daysorany further period as may be agreed bytheCompanyinwriting,furnisha written report to indicate the course, probable reason and extent ofloss or damage; 4.2 take all necessary measures to avoid aggravation ofthelossor damage and minimize it to the least extent; 4.3preservethespotaffectedanddefectivepartsbeforean inspection is carriedoutbyarepresentativeorsurveyorfromthe s; j9 Company; 4.4 furnish all suchinformationanddocumentaryevidenceasthe Company may require for supporting the claim. VI. GENERAL CONDITIONS 1. Policy Effect The due observance and fulfilment of the terms and conditions ofthis Policy in so far as they relate to anything to be done or complied with by the Insured shall be a condition precedent to any liability of the Company under this Policy. 2. Policy Voidance This Policy shall bevoidableintheeventofmisrepresentation, misdescription or non-disclosure made by the Insured or his representative in any material particular in respect of this insurance. 3. Policy Termination Unless its continuance be admitted by theCompanyinwriting,this Policy shall be automatically terminated if: 3.1 the insurable interest of the Insured is lost; 3.2 the risk of loss or damage is increased. 外贸族 After termination of the Policy, the premium shall be refunded tothe Insured calculated on pro rata daily basis for the period from the date of termination to the date of expiry. 4. Policy Cancellation This Policy may be canceled at any time at the request of theInsured in writing or at the option of the Company by giving a fifteen(15)days prior notice to the Insured. In the former case the Company shall retain a premium calculated on short term rate basis for the timethePolicyhas been in force while in the latter case such premium shall be calculated on pro rata daily basis. 5. Forfeit of Benefit If the claim is in any respect fraudulent, or if any fraudulentmeans or devices are used by the Insured or hisrepresentativetoobtainany benefit under this Policy or if any loss or damage isoccasionedbythe intentional act or in the connivance of the Insured or his representative, 外贸族_WaiMaoZu.COM then in any of these cases, all the rights andbenefitsoftheInsured under this Policy shall be forfeited, and allconsequentlossesarising therefrom including the amount of claimpaidbytheCompanyshallbe indemnified by the Insured. 6. Reasonable Inspection The representative of theCompanyshallatanysuitabletimebe entitled to attend the site and inspect or examine the riskexplosureof the property insured. For this purpose, theInsuredshallprovidefull assistance and all details and information required by the Company asmay benecessaryfortheassessmentoftherisk.Theabovementioned inspection or examinationshallinnocircumstancesbeheldasany admission to the Insured by the Company. 7. Double Insurance Should any loss, damage, expenses or liability recoverableunderthe Policy be also covered by any other insurance, the Company shallonlybe m7 E* u9 ?7 j, Q: p' y Y liable to pay or contribute his proportion of the claim irrespective as to whether the other insurance is arranged by the Insured orothersonhis behalf, or whether any indemnificationisobtainableundersuchother insurance. 8. Subrogation Where a third party shall be held responsible for the lossordamage covered under this Policy, the Insured shall, whether being indemnified by the Company or not, take all necessary measures to enforce or reservethe right of recovery against such third party, and upon being indemnifiedby the Company, subrogate to the Company all the right of recovery,transfer all necessary documents to and assist theCompanyinpursuingrecovery from the responsible party. 9. Dispute All disputes under this insurance arising between the Insured andthe Company shall be settled throughfriendlynegotiations.Wherethetwo parties fail to reach an agreement after negotiations, such disputeshall Z# Q7 j9 Y& ^4 ^ be submittedtoarbitrationortocourtforlegalactions.Unless otherwise agreed, such arbitration or legal action shall be carried out in the place where the defendant is domiciled. VII. SPECIAL PROVISIONS The following provisions shall be applied to all parts of thisPolicy and shall override the other terms and conditions of thisPolicyifany conflict arises. PROPERTY INSURANCE POLICY Policy No.: WHEREAS THE INSURED named in theScheduleheretohasmadetothe ______ Insurance Company (hereinaftercalled""theCompany"")awritten Proposal which together with any other statements made by the insuredfor the purpose of this Policy is deemed to beincorporatedhereinandhas paid to the Company the premium stated in the Schedule. NOW THIS POLICY OF INSURANCE WITNESSES that subject to thetermsand B8 \3 q, Y1 b7 c5 K- \ conditions contained herein or endorsed hereon the Company shall indemnify the insured forthelossordamagesustainedduringtheperiodof insurance statedintheScheduleinthemannerandtotheextent hereinafter provided. Bythe________InsuranceCompany _________________________ Authorised Signature Date of Issue: Place of Issue: SCHEDULE Policy No.: 1. Name and Address of the Insured 1.1 The Insured: 1.2 Address: 2. Location of the Property Insured: 3. Nature of Trade: 4. Insured Items and Sums Insured: Insured Items Sums Insured 4.1 Property Insured 4.1.1 Building(s) (including decoration): 4.1.2 Machinery and Equipment: 4.1.3 Furniture and Fixture: (including office equipment and supplies) 4.1.4 Stock: 外贸.族 4.1.5 Others: 4.2 Additional Expenses: 4.2.1 Removal of Debris fees: 4.2.2 Fire Extinguishing Expenses: 4.2.3 Professional Fees: 4.2.4 Other Expenses: Total Sum Insured: 5. Deductible (any one accident): 6. Period of Insurance: ___ months. from 00:00 of _________ to 24:00 hours of ______ 7. Premium Rate: Total Premium: 8. Date of Payment: 9. Jurisdiction: This Policy is governed by law of the People's Republic of China. 10. Special Provisions: PROPERTY INSURANCE POLICY'S SCHEDULE _________ Insurance Company |
