Insured Perils. This Form, except as otherwise provided, insures against all risks of direct physical loss of or damage to the insured property.
Insured Perils. You are insured against All Risks of accidental and direct physical tangible loss of or damage to the Insured Property from any external cause but subject to the conditions of the policy and excluding the following loss or damage caused by or resulting from:
Insured Perils. This Form insures against direct physical loss or damage to the insured property caused by the following perils:
a. FIRE OR LIGHTNING
Insured Perils. We insure risk of direct, sudden and accidental physical loss to the property described in Coverage A — Dwelling, Coverage B — Other Structures and Coverage C — Personal Property. The loss must occur during the policy period shown on the Declarations Page and be caused by any of the following perils unless the loss is excluded elsewhere in this policy.
1. Fire.
Insured Perils. All Risks of direct physical loss or damage (including Flood and Earthquake) occurring during the term of this policy, except as hereinafter excluded. Policy Limits: - Replacement Value Insurable Values: 2016 Replacement cost value is $40,922,989.59M (Subject to Annual Review by the Client.) Deductibles:
Insured Perils. If SPECIFIED PERILS is indicated on the Declarations Page, you are insured against direct physical loss or damage caused by the following perils (including Salvage charges):
Insured Perils. You are insured against All Risks of direct physical loss or damage subject to the exclusions and conditions of this policy. We do not insure loss or damage:
Insured Perils. You are insured against loss or damage caused directly to insured property by the following perils. However, all exclusions and limitations contained in this insurance policy apply.
Insured Perils. 2.1.1 Avoidance of the Owners' Policies and Club Entries or any of them by the underwriters thereof on the grounds of a misrepresentation or non-disclosure of any material circumstance, whether such misrepresentation or non- disclosure arises from the assured thereunder or any of such assured's insurance agents or insurance brokers.
2.1.2 Breach of any statutory provision or any express or implied promissory warranty or condition, including without limitation
2.1.2.1 breach of any implied warranty or seaworthiness or legality,
2.1.2.2 breach of Section 39(5) of the Marine Insurance Act of 1906,
2.1.2.3 breach of trading warranties contained in any of the Owners' Policies and Club Entries,
2.1.2.4 breach of any warranty or condition in any of the Owners' Policies and Club Entries in respect of the classification of the Mortgaged Vessel by a Classification Society or any failure to comply with the recommendations of such Society to the extend required by such warranty or condition,
2.1.2.5 breach of any warranty or condition in any of the Owners' Policies and Club Entries which requires compliance with any condition survey, structural survey or P&I Club survey requirements and pursuant to which clauses underwriters deny a claim,
2.1.2.6 breach of any warranty or condition in any of the Owners' Policies and Club Entries in respect of the Ownership, flag, management or charter on a bareboat basis of the Mortgaged Vessel.
2.1.3 failure of the assured under the hull and machinery policy or the owners, managers or superintendents of the vessel or any of their onshore management to exercise due diligence in respect of any loss or damage to the Mortgaged Vessel where such failure to exercise due diligence entitles the underwriters of the owner's hull and machinery policy to deny a claim otherwise recoverable hereunder,
2.1.4 any deliberate or fraudulent casting away of or damage to the Mortgaged Vessel,
2.1.5 avoidance of a claim under any of the Owners' Policies and Club Entries or of any of the Owners' Policies and Club Entries by reason of breach of the duty of good faith in respect of such claim, or
2.1.6 the operation of any applicable provision in any of the Owners' Policies and Club Entries which provides for a time limitation on the presentation of claims,
2.1.7 in the event of the total loss of the Mortgaged Vessel, the final judgement or award of the courts or arbitration tribunal agreed to have jurisdiction under the express terms of the Owners' Policies...
Insured Perils. Actual physical loss of or damage to your customers’ property caused by fire, lightning, explosion, earthquake, storm, flood, bursting &/or leaking pipes, ingress of water or other liquid substance, aircraft or articles dropped therefrom, moth, insect or vermin from an external cause, theft accompanied by forcible and violent entry to or exit from the building or Unit, riot, strike, civil commotion, malicious damage, and impact by vehicle or railway rolling stock.
