ARTICLES IN PAIRS OR SETS Sample Clauses

ARTICLES IN PAIRS OR SETS. Where any item insured hereunder consists of articles in pair or set, the Company’s liability in respect thereof shall not exceed the value of any particular part or parts which may be lost or damaged without reference of any special value which such article or articles may have as part of such pair or set not more than proportionate part of Insured value of thepair or set. ADDITIONAL BENEFITS PEAK SEASON INCREASE (UNDERRETAIL SEGMENT FROM PLAN 5 ONWARDS I.E. SUM INSURED 50.0 LAKHS & MORE ONLY) The cover under Section-1 for stocks shall be automatically increased by 20% to provide for seasonal variations. For the purpose of this extension, Stocks are defined as: Merchandise held in storage or for sale, raw materials and in-process or finished goods, including supplies used in their packing or shipping, as specified in the Schedule. Seasonal variations are defined as The period not exceeding 46 days for any one length of time and not exceeding 91 days in the aggregate per Policy Period during which the stocks show marked fluctuations owing to market demand. All other terms and conditions of Section-1 remain unchanged. ADDITONAL EXPENSES OF RENT FOR ALTERNATIVE ACCOMODATION (UNDER ALL SEGMENTS FROM PLAN 5 ONWARDS I.E. SUM INSURED 50.0 LAKHS & MORE ONLY) The cover under Section-1 of the Policy is extended to additional expenses of rent for alternative accommodation due to loss or damage to property following operation of insured peril. The period of Indemnity is limited to the period during which the original premises remain untenantable as a result of occurrence of insured perils during the currency of the Policy. The Indemnity provided under this extension, is limited to (As per Policy Schedule) in respect of any one occurrence and Rs. (As per Policy Schedule) in the aggregate during the Period of Insurance under this Policy. REPLACEMENT OF LOCKS (UNDER ALL SEGMENTS UNDER BURGLARY SECTION FROM PLAN 5 ONWARDS i.e. SUM INSURED 50.0LAKHS &MORE ONLY) The cover under Section 2 also provides cover for costs necessarily and reasonably incurred for replacing locks of external doors fitted in premises and / or that of safes and almirahs damaged following use of keys by force and violence. The Indemnity provided under this extension, is limited to (As per Policy Schedule) in respect of any one occurrence and Rs. (As per Policy Schedule) in the aggregate during the Period of Insurance under this Policy. MEDICAL PAYMENTS (UNDER ALL SEGMENTS FROM PLAN 5 ONWARDS i.e. SUM...
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ARTICLES IN PAIRS OR SETS. Where any item insured hereunder consists of articles in pair or set, the Company's liability in respect thereof shall not exceed the value of any particular part or parts which may be lost or damaged without reference to any special value which such article or articles may have as part of such pair or set not more than a proportionate part of Insured value of the pair or set.

Related to ARTICLES IN PAIRS OR SETS

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