Examples of Scope of Cover in a sentence
Loss of Profits as a result of spoilage may be covered as an additional item by extending the Consequential Loss (fire) Insurance Policy subject to the following conditions: - a) Scope of Cover The cover shall extend to loss of Profits arising out of the spoilage, i.e. interruption of business solely as a result of (i) loss of stock-in- process; and (ii) damage to machinery containers and equipment.
Loss of Profits as a result of spoilage may be covered as an additional item by extending the Consequential Loss (fire) Insurance Policy subject to the following conditions: - a) Scope of Cover The cover shall extend to loss of Profits arising out of the spoilage, i.e. interruption of business solely as a result of (i) loss of stock-in-process; and (ii) damage to machinery containers and equipment.
The basis of assessment of claims shall be the legal liability, as admitted by the Insured with the prior written consent of the Company or in terms of an order of court of the competent jurisdiction, which is binding on the Insured on the happening of the events specified in the Scope of Cover, subject to compliance with the Policy Related Terms & Conditions under Part II of the Schedule.
However, these expenses will be covered under the (1) Hospitalisation Expenses under of Scope of Cover above.
However any pre-post hospitalisation covered under Scope of Cover 2 & 3 above will not be covered under this.