This Section applies only if stated as Insured in the Master Certificate to this Insurance Document
Definitions
Territorial Area
a) At the Business Premises specified in the Schedule to this Section or Area Code whilst temporarily removed for cleaning, renovation or repair anywhere in Area B
b) anywhere in Great Britain, Northern Ireland, Republic of Ireland, the Channel Islands and the Isle of Man or whilst in transit within such area.
c) as Area B plus Continental Europe or whilst in transit within such area.
d) anywhere in the World.
Excess
means the amount deducted from each and every loss or series of losses arising out of any one event or occurrence likely to give rise to a claim hereunder after the application of all the terms exclusions and conditions of this Section as stated on the Schedule
The Cover
The Insurers will by payment or at it their option by reinstatement replacement or repair indemnify the Insured against loss or destruction of or damage to the Property Insured caused by any peril not specifically excluded. The loss destruction or damage must arise during the Period of Insurance within the Territorial Area identified by code in the Schedule to this Section.
Amount Payable
The liability of the Insurers for all claims arising under this Section during any one Period of Insurance shall in no case exceed
a) the Sum Insured in respect of each item
b) the Total Sum Insured for this Section.
Exclusions to the All Risks Section
This Section does not cover
1. consequential loss.
2. loss destruction of or damage arising from
a) wear and tear the action of light atmospheric conditions or other gradually operating cause or any process of cleaning repair or restoration
b) mechanical or electrical breakdown failure or derangement unless exterior damage first occurred to the Property Insured
c) confiscation or detention by Customs or Government Officials
d) faulty manipulation design plan specification or materials
3. loss by disappearance or shortage if only revealed by stocktaking.
4. loss or damage arising through theft or attempted theft by or in collusion with any employee of the Insured
5. loss or damage to the Property Insured from any unattended motor vehicle or trailer.
6. damage caused by the Property Insured undergoing any heating process or any process involving the application of heat.
7. loss due to any person obtaining property by deception.
8. the amount of the Excess shown in the Schedule to the Section.
Special Conditions to the All Risks Section
1. Average
If the Property Insured by any item of this Section shall at the time of loss destruction or damage be collectively of greater value than the Sum Insured under that item then the Insured shall be considered as being his own insurer for the difference and shall bear a rateable share of the loss accordingly.
2. Premium Adjustments
Should the premium be wholly or partly based on estimates furnished by the Insured the Insured shall within 30 days from the end of each Period of Insurance render to the Insurers such particulars and information as the Insurers may require. The premium for such period shall thereupon be adjusted and the difference paid by or allowed to the Insured as the case may be subject to the retention by the Insurers of a minimum of one half of the Annual Premium for this Section.
3. Other Insurance’s
If any other insurance effected by or on behalf of the Insured expressed to cover any of the property hereby insured but is subject to any provision whereby it is excluded from ranking concurrently with this Section either in whole or in part or from contributing rateably to the loss destruction or damage the liability of the Insurers hereunder shall be limited to such proportion of the loss destruction or damage as the Sum Insured hereby bears to the value of such property.
If any such other insurance shall be subject to any Condition of Average this Insurance Contract if not already subject to any Condition of Average shall be subject to Average in like manner.
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