PROPERTY IN THE COURSE OF CONSTRUCTION CLAUSE

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This Policy covers the interest of the Insured and contractors  and/or sub-contractors for whom the Insured has agreed to arrange insurance, in all materials, equipment, machinery, and supplies of any nature to be used in or incidental to the site preparations, erection and/or fabrication and/or testing of the property insured, subject to the terms, conditions, limits and deductibles applicable to this Section.

It is understood and agreed that property in the course of construction with a final contract value expected to be less than US$/IDR …………… 

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