MR 109 – Warranty Concerning Construction Material

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It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to construction material by flood and inundation if such construction material does not exceed three days’ demand and the exceeding quantities are kept in areas not endangered by 10-year floods.

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