Mid-Term Increase of Limit of Indemnity Endorsement

M-Clauses163 Views
banner 468x60

It is hereby understood and agreed that in consideration of You paying the additional premium of (ADDITIONAL PREMIUM AMOUNT), the Limit of Indemnity is increased to (NEW LOI) any one claim and in the aggregate inclusive of costs and expenses with effect from (DATE OF ENDORSEMENT).

It is further agreed that the new Limit of Indemnity, as provided above, shall only apply to Claims and/or circumstances that You became aware of after (DATE OF ENDORSEMENT) and notified during the Period of Insurance or during the Extended Reporting Period (if applicable).

banner 336x280

Leave a Reply

Your email address will not be published.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