ARTS ENDORSEMENT. Applicable Only If The Form Number Appears On The Declarations Page Of The Policy In return for your payment of the premium as stated separately on the Declarations page or included in the total premium we agree as follows: We insure your fine arts listed in the “Schedule of Articles Insured” against all risks of direct physical loss or damage subject to the terms and conditions of this endorsement. Coverage is provided at the address shown on the Declarations page unless other locations or certain territorial limits are indicated on the “Schedule of Articles Insured” attached to the policy. We will pay the lesser of:
1. The actual cash value of the article at the time of the loss;
2. The amount insured for each article. We reserve the right to repair or replace the article(s). Should the letter “V” appear beside an article insured that specific article is valued for the amount insured. We do not cover:
a. Property illegally acquired or kept;
b. Property lawfully seized or confiscated unless the property is destroyed to prevent the spread of fire;
c. Breakage of fragile articles such as: art glass windows, glassware, statuary, marble, bric-a-brac and porcelains, unless caused by fire, theft or attempted theft, earth movement, explosion, falling objects striking the exterior of a building, collapse of a building or part thereof, water, impact by aircraft or land vehicle, lightning, riot, smoke, vandalism or malicious acts, windstorm or hail, or by accident to land vehicle, watercraft or aircraft, or by rupture of a plumbing, heating or air conditioning system or household appliance. We do not cover loss or damage caused by or resulting from:
d. Wear and tear, deterioration, rust or corrosion, extremes of temperatures, wet or dry rot or mould, inherent defect or mechanical breakdown;
e. Vermin, rodents or insects;
f. Directly or indirectly:
a) any nuclear incident as defined in the Nuclear Liability Act or any other nuclear liability act, law or statue, or any law amendatory thereof or nuclear explosion, except for ensuing loss or damage which results directly from fire, lightning or explosion of natural, coal or manufactured gas;
b) contamination by radioactive material;
g. War, invasion, act of a foreign enemy, hostilities, civil war, rebellion, revolution, insurrection or military power;
h. Any criminal act or willful negligence by an Insured, but this exclusion does not apply to any other Insured who has not committed and is not involved in the criminal ...
ARTS ENDORSEMENT. Applicable Only If The Form Number Appears On The Declarations Page Of The Policy In return for your payment of the premium as stated separately on the Declarations page or included in the total premium we agree as follows: We insure your fine arts listed in the “Schedule of Articles Insured” against all risks of direct physical loss or damage subject to the terms and conditions of this endorsement. Coverage is provided at the address shown on the Declarations page unless other locations or certain territorial limits are indicated on the “Schedule of Articles Insured” attached to the policy. We will pay the lesser of:
1. The actual cash value of the article at the time of the loss;
2. The amount insured for each article. We reserve the right to repair or replace the article(s). Should the letter “V” appear beside an article insured that specific article is valued for the amount insured. We do not cover:
