Common use of Covered Damages Clause in Contracts

Covered Damages. The Minister shall indemnify against all physical loss or damages to the Artwork directly caused by any accidental events, including damages caused by earthquakes or volcanic eruptions or tsunami caused therefrom or terrorism (acts by a person acting on behalf of or in cooperation with an organization, who engages in activities directed to overturn or control any government established legally or illegally, through armed forces or violence, including any parties acting for political, ideological, or religious motives; the same shall apply hereinafter), excluding damages caused by events set forth in each of the items in Article 9 (hereinafter referred to as "Covered Damages").