insurance clauses caraka mulia pialang asuransi

STRUCTURAL ALTERATIONS

STRUCTURAL ALTERATIONS

Risks : IAR

It is hereby noted and agreed, that the structural alteration and extension of the buildings mentioned in this Policy is allowed, as are the erection of new building, installation, reinstallation, replacement of machines, tools, implements, piping or other installation and objects as well as to move all these within the premises.

In case of removal or demolition of an insured object this insurance will cover the new items substituting the removed or demolished objects up to the original amount insured.

Other version :

Subject to article III of the within policy, it is hereby understood that structural alteration and extension of the buildings mentioned in this policy is allowed, as are the erection of new buildings, installation, reinstallation, replacement of machines, tools, implements, piping or other installations required for the process carried on, parts of installations and objects as well as to move all these within the premises.

In case of removal or demolition of an insured object this insurance will cover the new items substituting the removed or demolished objects up to the original amount insured.

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