PERILS INSURED AGAINST: All Risks of physical loss or damage from any external’ cause, except as hereinafter
PERILS NOT INSURED:
(a) Loss or damage from insects, moths, vermin, inherent vice, deterioration, dampness of atmosphere, extremes of
temperature, nor from ordinary wear and tear.
(b) Damage sustained due to any process of or while actually being worked upon and resulting therefrom, unless
caused by fire.
(c) Loss or damage occasioned by breakage, marring, denting, chipping or scratching of statuary, marbles, glassware,
china, bric-a-brac, porcelains, and similar fragile articles, unless caused by Fire, Lightning, Theft, Malicious Dam
age, or by Collision, Derailment or Overturn of Conveyance; or unless packed and unpacked by the servants,
agents or employees of the moving company.
(d) Loss or damage caused by spoilage of the contents of deep freezers or mechanical or electrical derangement of
television sets, radios, refrigerators, deep freezers or washing machines unless evidenced by external damage to such
(e) War Risks as set forth in the War Risk Exclusion Clause in the printed “Conditions” of the Policy under which this
insurance has been effected.
(f) Loss or damage caused by or resulting from Nuclear reaction or radiation as per “Nuclear Exclusion Clause” of the
Policy under which this insurance has been effected.
PROPERTY NOT COVERED:
Accounts, bills, currency, deeds, evidence of debt, money, notes or securities, stamps. documents, railroad or other tickets,
bullion, precious stones, jewelry, furs and/or other similar valuables, manuscripts, mechanical drawings, dies or patterns.
NOTICE OF LOSS: Immediate notice of loss or damage must be given to the Company and sworn proofs of loss must be
filed thereafter as provided in the Policy. All adjusted claims, covered by the Policy, will be paid or made good within thirty
(30) days after presentation and acceptance of satisfactory proofs of interest and loss at the office of the Company. No loss
will be paid if the Customer has collected same from others.
COINSURANCE: Each customer must see to it that the amount declared by him and shown above in this “ADVICE OF
INSURANCE” is the actual cash value of the property with proper deductions for depreciation, however caused; and failing
to do so the amount, if any, payable to the Customer will ,not exceed the value declared by the Customer, as above set
forth, nor the proportion that the value – declared bears to the actual cash value of the property with proper deductions for
depreciation, however caused.
VALUATION: The Company will not be liable beyond the actual cash value of the property at the time any loss or damage
occurs and the loss or damage must be ascertained or appraised in the manner stated in the Policy, according to such
actual cash value with proper deductions for depreciation, however caused, and shall in no event exceed what it would then
cost to repair or replace the same with material of like kind and quality
NO BENEFIT TO BAILEE: This insurance shall. in no wise inure directly or indirectly to the benefit of any carrier or other
SUBROGATION: In the event of any payment under this policy the Company shall be subrogated to all the Insured’s
rights of recovery therefor against any person or organization and the Insured shall execute and deliver instruments and
papers and do whatever else is necessary to secure such rights. The Insured shall do nothing after loss to prejudice
CANCELLATION: The Policy provides that the insurance may be cancelled at any time by the Insurance Company by
giving five (5) days written notice to the Customer and the undersigned. Notices mailed to the addresses stated herein shall
be a sufficient notice. All return premiums due from the Insurance Company are payable to the undersigned.
PAIR, SET OR PARTS: In the event of loss or damage to:
(a) Any article or articles which are a part of a pair or set, the measure of loss or damage to such article or articles
shall be a reasonable and fair proportion of the total value of the pair or set, giving consideration to the importance of
said article or articles, but in no event shall such loss or damage be construed to mean total loss of the pair or set; or
(b) any part of property covered consisting, when complete for use of several parts, the Company shall only be liable
for the value of the part lost or damaged.