Common use of Acceptable Policy exclusions Clause in Contracts

Acceptable Policy exclusions. a. War and Military Action, including: 1. War, including undeclared or civil war 2. Hostile or warlike action by a military force in time of peace or war; 3. Insurrection, rebellion, revolution, civil war, usurped power or action taken by governmental authority in hindering, combating, or defending against any of these; 4. Seizure or destruction of property by order of governmental authority. b. Nuclear reaction, nuclear radiation or radioactive contamination from any other cause, however, loss or damage arising out of a resultant fire shall be covered (subject to the provisions of the insurance policy). c. Mysterious disappearance or shortage found upon taking inventory; d. Dishonest or criminal acts of the insured or its employees; e. Seizure or destruction of property by order of any governmental authority; unless such action is ordered to prevent the spread of fire, in which case the policy shall pay for the damage to the covered property. f. Loss from fungus, mold, mildew, and the like, unless otherwise specified in the insurance policy; g. Actual, alleged or threatened release, discharge, seepage, escape, or dispersal of Contaminants or Pollutants. However, if fire arises directly or indirectly from the actual release, discharge, seepage, escape or dispersal of Contaminants or Pollutants, any loss or damage insured under the policy arising directly from that fire shall be covered; h. Asbestos removal per governmental order, plus any additional costs for such things as demolition, or cost of reconstruction or debris removal, arising out of such order. i. Normal subsidence and/or normal settling, cracking, shrinking or expanding of foundations or any other part of the covered property; j. Normal wear and tear, gradual deterioration, rust, corrosion, hidden or latent defect or any quality in the property that causes it to damage or destroy itself; k. Omission or error in planning, zoning, development, surveying, design or specifications; l. Defective or inadequate workmanship, materials, or maintenance.

Acceptable Policy exclusions. a. War and Military Action, including: 1. War, including undeclared or civil war 2. Hostile or warlike action by a military force in time of peace or war; 3. Insurrection, rebellion, revolution, civil war, usurped power or action taken by governmental authority in hindering, combating, or defending against any of these; 4. Seizure or destruction of property by order of governmental authority. b. Nuclear reaction, nuclear radiation or radioactive contamination from any other cause, however, loss or damage arising out of a resultant fire shall be covered (subject to the provisions of the insurance policy). c. Mysterious disappearance or shortage found upon taking inventory; d. Dishonest or criminal acts of the insured or its employees; e. Seizure or destruction of property by order of any governmental authority; unless such action is ordered to prevent the spread of fire, in which case the policy shall pay for the damage to the covered property. f. Loss from fungus, mold, mildew, and the like, unless otherwise specified in the insurance policy; g. Actual, alleged or threatened release, discharge, seepage, escape, or dispersal of Contaminants or Pollutants. However, if fire arises directly or indirectly from the actual release, discharge, seepage, escape or dispersal of Contaminants or Pollutants, any loss or damage insured under the policy arising directly from that fire shall be covered; h. Asbestos removal per governmental order, plus any additional costs for such things as demolition, or cost of reconstruction or debris removal, arising out of such order. i. Normal subsidence and/or normal settling, cracking, shrinking or expanding of foundations or any other part of the covered property;covered j. Normal wear and tear, gradual deterioration, rust, corrosion, hidden or latent defect or any quality in the property that causes it to damage or destroy itself; k. Omission or error in planning, zoning, development, surveying, design or specifications; l. Defective or inadequate workmanship, materials, or maintenance.