Common use of Impact Damage Clause in Contracts

Impact Damage. Loss of or visible physical damage or destruction caused to the property Insured due to impact by any Rail/ Road vehicle or animal by direct contact not belonging to or owned by: i. The Insured or any occupier of the premises or ii. Their employees while acting in the course of their employment h. Subsidence and Landslide including Rock slide: Loss, destruction or damage directly caused by Subsidence of part of the site on which the property stands or Land slide/ Rock slide excluding: i. The normal cracking, settlement or bedding down of new structures ii. The settlement or movement of made up ground iii. Coastal or river erosion iv. Defective design or workmanship or use of defective materials v. Demolition, construction, structural alterations or repair of any property of ground works or excavations. i. Bursting and/or overflowing of Water Tanks, Apparatus and Pipes. j. Missile Testing operations. k. Leakage from Automatic Sprinkler Installations. Excluding loss, destruction or damage caused by: i. Repairs or alterations to the buildings or premises. ii. Repairs, Removal or Extension of the Sprinkler Installation. iii. Defects in construction known to the Insured. ▇. ▇▇▇▇ Fire: Excluding loss destruction or damage caused by Forest Fire. provided that our liability shall in no case exceed in respect of each item the Sum Insured expressed in the said Policy Schedule to be Insured thereon or in the whole the total Sum Insured hereby or such other Sum or sums as may be substituted therefor by memorandum hereon or attached hereto signed by or on behalf of us. m. Earthquake (Fire and Shock) Earthquake (Fire and Shock) Endorsement: It is hereby agreed and declared that notwithstanding anything stated in the printed exclusions of this policy to the contrary, this Insurance is extended to cover loss or damage (including loss or damage by fire) to any of the property insured by this policy, occasioned by or through or in consequence of earthquake including flood or overflow of the sea, lakes, reservoirs and rivers and/or landslide / rockslide resulting therefrom. Provided always that all the conditions of this policy shall apply (except in so far as they may be hereby expressly varied) and that any reference therein to loss or damage by fire shall be deemed to apply also to loss or damage directly caused by any of the perils which this insurance extends to include by virtue of this endorsement. General Exclusion of this Benefit: a. This Policy does not cover (not applicable to policies covering dwellings) i. The first 5% of each and every claim subject to a minimum of Rs.10,000 in respect of each and every loss arising out of ―Act of God perils such as Lightning, STFI, Subsidence, Landslide and Rock slide covered under the policy ii. The first Rs.10,000 for each and every loss arising out of other perils in respect of which the Insured is indemnified by this policy b. The Excess shall apply per event per Insured Person. c. Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, rebellion, revolution, insurrection or military or usurped power. d. Loss, destruction or damage directly or indirectly caused to the property Insured Person by i. Ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel ii. The radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof e. Loss, destruction or damage caused to the Insured Person property by pollution or contamination excluding i. Pollution or contamination which itself results from a peril hereby Insured against. ii. Any peril hereby Insured against which itself results from pollution or contamination f. Loss, destruction or damage to bullion or unset precious stones, any curios or works of art for an amount exceeding Rs. 10000/-, manuscripts, plans, drawings, securities, obligations or documents of any kind, stamps, coins or paper Money, cheques, books of accounts or other business books, computer systems records, explosives unless otherwise expressly stated in the policy. g. Loss, destruction or damage to the stocks in Cold Storage premises caused by change of temperature.