Common use of PREMIUM WARRANTY Clause in Contracts

PREMIUM WARRANTY. Premium due to Us must be paid and received by Us within sixty (60) days from the inception date of this Policy/Endorsement/ renewal certificate. If the condition is not complied with, this contract shall be automatically cancelled and We shall be entitled to the pro-rated Premium for the period We provided the cover. Where the Premium payable is received by Our authorised agent, the payment is deemed to be received by Us for the purposes of this Warranty. The onus of proving that the Premium payable was received by a person, including an insurance agent who was not authorised to receive such Premium, shall lie with Us. INSURED EVENTS (Applicable for SECTION I – HOUSEOWNER AND/OR SECTION II - XXXXXXXXXXX) Covered Not Covered We will provide cover for loss or damage to Your Building and/or Contents caused by any of the following perils: 1. Fire, Lightning, Thunderbolt, Subterranean Fire 2. Explosion We will not provide cover for loss or damage to Your Building and/or Contents as follows: Covered Not Covered

PREMIUM WARRANTY. Premium due to Us must be paid and received by Us within sixty (60) days from the inception date of this Policy/Policy/ Endorsement/ renewal certificatecertificate. If the condition is not complied with, this contract shall be automatically cancelled and We shall be entitled to the pro-rated Premium for the period We provided the cover. Where the Premium payable is received by Our authorised agent, the payment is deemed to be received by Us for the purposes of this Warranty. The onus of proving that the Premium payable was received by a person, including an insurance agent who was not authorised to receive such Premium, shall lie with Us. INSURED EVENTS (Applicable for SECTION I – HOUSEOWNER AND/OR SECTION II - XXXXXXXXXXX) Covered Not Covered We will provide cover for loss or damage to Your Building and/or Contents caused by any of the following perils: 1. Fire, Lightning, Thunderbolt, Subterranean Fire 2. Explosion We will not provide cover for loss or damage to Your Building and/or Contents as follows: 1. Fire, Lightning, Thunderbolt, Subterranean Fire 2. Explosion Covered Not Covered