Existing Property Exclusion

E-Clauses141 Views
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Attaching and forming Contractor All Risks Insurance

Policy No……

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Section I – Property Damage

QBE shall not be liable under this Policy to indemnify the Insured in respect of any claim directly or indirectly arising from, based upon, attributable to, or in consequence of the existence of Insured’s property, which has been exist prior the commencement of this project. I.e. 7 floors unfinished civil structures.

Section II – Third Party Liability

QBE shall not be liable under this Policy to indemnify the Insured in respect of :

(a)  any Physical loss of, damage to, or destruction of, any tangible property, including loss of use thereof or any consequential loss.

(b)  bodily injury, sickness, disease or death of any person, however this Exclusion shall not apply to mental injury, mental anguish, nervous shock or emotional distress not associated with bodily injury;

directly or indirectly arising from, based upon, attributable to, or in consequence of the existence of Insured’s property, which has been exist prior the commencement of this project. I.e. 7 floors unfinished

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