insurance clauses caraka mulia pialang asuransi

SPRINKLER LEAKAGE CLAUSE – IAR

SPRINKLER LEAKAGE CLAUSE – IAR

Risks : IAR

It is hereby agreed and declared that the insurance under the policy shall extend to cover loss or damage to the property insured caused by water accidentally discharged or leaking from the Automatic Sprinkler Installation subject to First Loss Sum Insured and subject to a deductible of any one location and further subject to all the usual conditions of the policy and the following special conditions :
1.The liability if the company shall in no case under this endorsement and the policy exceed the sum insured by each item of the policy.
2.Further provided that such discharge or leakage of water shall not be occasioned by or happen trough :
A.Repairs or alteration to the buildings or premises
B.The automatic sprinkler installation being either repaired, removed or extended.
C.The order of the Government or of any municipal local or other competent Authority
D.Defects in construction or condition of which the insured is aware.
E. Condensation or deposits on the Automatic Sprinkler Installation.

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