Capital additions clause

C-Clauses135 Views
banner 468x60

1 The insurer shall indemnify the insured in respect of loss of or damage to real or personal property acquired or becoming held in the care, custody or control of the insured after the inception of this policy and not included in the
schedule;

2 Any increase in the new replacement value as a result of such capital additions shall not exceed 5% of the sum(s) insured or any other limit of indemnity specified in the schedule.

banner 336x280

3 This additional insurance cover is also subject to the insured advising the insurer within three (3) months of acquisition of the particulars of any such capital additions and the payment of any additional premium the insurer may require.

banner 336x280

Leave a Reply

Your email address will not be published. Required fields are marked *