TERRORISM AND SABOTAGE EXCLUSION CLAUSE

T-Clauses126 Views
banner 468x60

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 not indemnify the Insured for loss, damage or liability directly or indirectly caused by or resulting from Terrorism and Sabotage.

 Notwithstanding anything which may be defined in any laws or regulations to the contrary, for the purpose of this exclusion all terminology printed in bold-italics shall be defined as follows.

banner 336x280

Terrorism is an act by any person using force to create public fear in an attempt to achieve a goal which according to public opinion has a political background.

Sabotage is a destructive  act against property or the obstruction of work, process or causing the reduction in value of work, by any person in an attempt to achieve a goal which according to public opinion has a political background.

banner 336x280

Leave a Reply

Your email address will not be published.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