Common use of Liberalization Clause Clause in Contracts

Liberalization Clause. For a period not exceeding twenty four months from this policy's first inception date, this Form is extended to include any extension of coverage afforded under the direct property damage section of the Equipment Breakdown/Boiler and Machinery policy immediately preceding this Form but not afforded by this Form or subject to a lesser limit under this Form, provided that: (a) such extension of coverage has not been declined by the present Insurer; and (b) such extension of coverage has not been refused by the Insured following conditions proposed by the present Insurer; and (c) the Insurer's liability does not exceed the amount of insurance specified for such extension of coverage in the prior policy; and (d) this Extension is limited to a maximum recovery of $50,000 in any one Policy Period. Such limit is part of and is not in addition to the Limit of Insurance for this Form. If during the Policy Period the Insurer introduces any broadening of this Form and for which no additional premium is charged, then such broadened insurance inures to the benefit of the Insured under this Form (effective from the date of formal introduction by the Insurer of such broadened insurance).

Liberalization Clause. For a period not exceeding twenty four months from this policy's first inception date, this Form policy is extended to include any extension of coverage afforded under the direct property damage section of the Equipment Breakdown/Boiler and Machinery policy immediately preceding this Form policy but not afforded by this Form policy or subject to a lesser limit under this Formpolicy, provided that: (a) such extension of coverage has not been declined by the present Insurer; and (b) such extension of coverage has not been refused by the Insured following conditions proposed by the present Insurer; and (c) the Insurer's liability does not exceed the amount of insurance specified for such extension of coverage in the prior policy; and (d) this Coverage Extension 15 is limited to a maximum recovery of $50,000 50,000.00 in any one Policy Period. Such limit is part of and is not in addition to the Limit of Insurance for this Form. If during the Policy Period the Insurer introduces any broadening of this Form BM12 and for which no additional premium is charged, then such broadened insurance inures to the benefit of the Insured under this Form (effective from the date of formal introduction by the Insurer of such broadened insurance).

Liberalization Clause. For a period not exceeding twenty four months from this policy's first inception date, this Form policy is extended to include any extension of coverage afforded under the direct property damage section of the Equipment Breakdown/Boiler and Machinery policy immediately preceding this Form but not afforded by this Form or subject to a lesser limit under this Form, provided that: (a) such extension of coverage has not been declined by the present Insurer; and (b) such extension of coverage has not been refused by the Insured following conditions proposed by the present Insurer; and (c) the Insurer's liability does not exceed the amount of insurance specified for such extension of coverage in the prior policy; and (d) this Extension is limited to a maximum recovery of $50,000 50,000.00 in any one Policy Period. Such limit is part of and is not in addition to the Limit of Insurance for this Form. If during the Policy Period the Insurer introduces any broadening of this Form and for which no additional premium is charged, then such broadened insurance inures to the benefit of the Insured under this Form (effective from the date of formal introduction by the Insurer of such broadened insurance).