Page 84 - Binder3
P. 84

5.  Theft from Unattended Motor Vehicles
                                Damage, Additional Expenditure or loss of Revenue caused by theft or attempted theft from any
                                unattended motor vehicle unless:

                                a)  the property insured is concealed in a glove compartment or locked luggage compartment; and
                                b)  all doors are locked; and
                                c)  all windows and the roof are closed and fastened; and

                                d)  all security devices are put in full and effective operation; and
                                e)  all keys or any other removable ignition device of the vehicle are removed

                                6.  Wear, Tear and Corrosion
                                the cost of rectifying or making good:
                                a)  wear and tear, or scratching of painted surfaces
                                b)  any form of corrosion or erosion howsoever arising

                                but not Damage resulting therefrom or Additional Expenditure or loss of Revenue in consequence of
                                such Damage.


                                Section 9 – Special Conditions

                                1.  Assignment of Property
                                We will be entitled to any property in respect of which a total loss claim is paid under this part and
                                you shall execute all such assignments of such property as may be reasonably required.

                                2.  Basis of Settlement
                                We may at our option instead of paying the amount of any damage or business interruption
                                reinstate, repair, restore or replace any of the property suffering damage provided always that we will
                                not be bound to reinstate, repair, restore or replace any property exactly and completely but only to
                                do so substantially, as nearly as circumstances will permit and in a reasonably sufficient manner.

                                3.  Indemnity from Manufacturer or Supplier
                                Subject to the provisions of special condition 4 below in the event of loss or damage to property
                                insured under this part which is subject to the terms of an exchange hire agreement between you and
                                the manufacturer or supplier you will first seek indemnity from the manufacturer or supplier under the
                                terms of the contract before we will indemnify you under the terms of this part in respect of
                                unsatisfied claims upon the manufacturer or supplier.

                                4.  Maintenance Service Agreements
                                You will keep maintenance service agreements in force with the manufacturers or a firm approved by
                                the manufacturers in respect of the computer equipment and any air conditioning plant in the
                                premises containing the computer equipment.
                                We will not be liable for any damage or business interruption, costs or expenses recoverable under
                                such agreements or which would have been recoverable but for a breach of your obligations under
                                such agreements.







      58
   79   80   81   82   83   84   85   86   87   88   89