CAR建筑工程一切险英文条款.docx

CAR建筑工程一切险英文条款.docx

《CAR建筑工程一切险英文条款.docx》由会员分享，可在线阅读，更多相关《CAR建筑工程一切险英文条款.docx（15页珍藏版）》请在冰点文库上搜索。

CAR建筑工程一切险英文条款

CONSTRUCTIONALLRISKSCLAUSES（2009Version）

GENERALPROVISION

Article1.TheInsuranceContractincorporatestheInsuranceClauses,Proposal,Policy,Endorsements（ifany）.AnyagreementrelatedtotheInsuranceContractshallbeinwrittenform.

SECTIONI--MATERIALDAMAGE

SUBJECTMATTERINSURED

Article2Thepropertyandcostswhicharerelatedtotheconstructioncontractandsituatedinthespecifiedworksite,areinsuredhereby,providedbeingitemizedandlistedinthePolicy.

Article3ThefollowingpropertyorcostsshallnotbeinsuredbythisPolicy,unlessotherwisespecificallyagreedbetweentheInsurerandtheInsuredandwithsuminsuredstatedinthisPolicy:

3.1Constructionplants,machineryandequipments;

3.2ThepropertybelongingtotheInsuredwhichexistsorisformedwithinorinthevicinityoftheworksitebeforethecommencementofthecontractworksinsured;

3.3ThepropertyoranypartofitwhichhasbeenputintocommercialuseortakenoveroractuallyoccupiedbytheEmployerorthepropertyoranypartofitforwhichacertificateofcompletionhasbeenissuedorwhichhasbeenacceptedbytherepresentativeoftheEmployeraftertheContractorformallyproposesworksacceptancebeforetheexpirydateofthisPolicy;

3.4Debrisremovalcosts,whichmeansnecessaryandreasonablecostsand/orexpensesincurredbytheInsuredtoremoveanddisposeofdebrisattheworksiteforthepurposeofrepairingtheinsuredpropertyafteraneventgivingrisetoidentifiablelossordamageunderthisSection.

Article4ThefollowingitemsandarticlesarenotinsuredbythisPolicy:

4.1Documents,books,drawings,technicaldata,computersoftware,computerdata,andotherpropertyofwhichthevaluecouldnotbeappraised;

4.2Portablecommunicationdevices,portablecomputerdevices,portablephotographiccameraequipmentandotherportabledevicesorequipment;

4.3Land,seabed,mineral,water,animals,plants,crops;

4.4Vehicles,shipsoraircraftlicensedforgeneraltransportuseorcoveredbyotherinsurance;

4.5Illegalordangerousbuildingsorstructures,orillegallyoccupiedproperty.

SCOPEOFCOVER

Article5Subjecttotheterms,exclusions,conditionsandprovisionscontainedinthePolicyorendorsedthereon,theInsurershallindemnifytheInsuredforthephysicallossofordamagetothepropertyinsured（physicallossordamagebeinghereinaftertermedDamage）duringtheperiodofinsurancewithinthespecifiedworksitearisingfromanyNaturalHazardorAccidentotherthanthosespecificallyexcludedinthisPolicy.

Article6Subjecttotheterms,exclusions,conditionsandprovisionscontainedinthePolicyorendorsedthereon,theInsurershallalsoindemnifytheInsuredforthefollowingcostsand/orexpensesincurredinconsequenceoftheDamagecausedbyeventinsuredbythisPolicyasstatedinArticle5duringtheperiodofinsurance:

6.1costsand/orexpensesnecessarilyandreasonablyincurredbytheInsuredforpreventingormitigatingtheDamageofsubjectmatterinsuredafteraneventinsuredhereby;

6.2otherrelatedcostsand/orexpensesspecifiedinthisPolicyinrespectoftheabove-mentionedlossordamage.

EXCLUSIONS

Article7TheInsurershallnotbeliablefor:

7.1lossofordamagetopropertyinsuredand/oranypartthereoforanycostsand/orexpensesresultingfromfaultydesign;

7.2lossofordamagetopropertyinsureditselfand/oranycostsand/orexpensesresultingfromwearandtear,inherentorlatentdefect,changeinsubstance,spontaneouscombustion,naturalheating,oxidation,rustandcorrosion,leakage,mice,insectsorvermin,changeinatmosphere（climaticortemperature）conditions,changeinnormalwaterleveloranyotherprogressivelyoperatingcause;

7.3lossofordamagetothepropertyinsureditselfduetodefectivematerialorbadworkmanshipandexpensesincurredtoreplace,repairorrectifysuchfault,defect,error,oromission;

7.4lossofordamagetothemechanicalorelectricaldevicesinsuredthemselvesunlessduetoexternalforces;lossofordamagetotheconstructionplantsmachineryandequipmentsormechanicaldevicesthemselvesduetobreakdownorderangementthereof.

Article8TheInsurershallnotbeliablefor:

8.1costsand/orexpensesincurredfornormalmaintenanceoroverhaul;

8.2lossofordamagetofiles,documents,accountbooks,bills,cash,securities,drawings,dataandpackingmaterials;

8.3shortagediscoveredatthetimeoftakinganinventory;

8.4lossofordamagetovehicles,shipsoraircraftlicensedforgeneraltransportuseorhavingbeencoveredbyanyotherinsurance;

8.5unlessotherwiseagreed,lossofordamagetothepropertybelongingtotheInsuredwhichexistsorisformedwithinorinthevicinityoftheworksitebeforethecommencementofthecontractworks;

8.6unlessotherwiseagreed,lossofordamagetothepropertyinsuredoranypartthereofforwhichacertificateofcompletionhasbeenissuedorwhichhavebeentestedandacceptedoractuallyoccupiedorputintoserviceortakenoverbytheEmployerbeforetheexpirydateofthisPolicy.

SUMINSUREDANDDEDUCTIBLE

Article9

9.1ThesuminsuredofthisPolicyshallnotbelessthan:

9.1.1Forcontractworks--thefullvalueexposedatthecompletionofthecontractworksincludingcostsand/expensesofmaterials,equipments,constructionanderection,freightandpremium,customsduty,anyothertaxesandexpenses,includinganyfreeissuematerialandequipmentswhicharetobeincorporatedtherein.

9.1.2ForotherItemsInsured--thesumsagreeduponbetweentheInsuredandtheInsurer.

9.2Ifthesuminsuredisbasedontheestimatedvaluestatedintheconstructioncontract,theApplicantand/orInsuredshall:

9.2.1notifytheInsurerinwritingassoonaspracticalifthecontractvalueincludingallcostsandexpensesunderthisPolicyexceedstheoriginalinsuredcontractvalueduetoriseinpriceorappreciation,andtheInsurershallthenadjustthesuminsuredaccordingly;

9.2.2keepapreciserecordinwritingontheparticularsofthecontractworksconcernedduringtheperiodofinsuranceandallowtheInsurertoinspectandexaminesuchrecordatanyreasonabletime;

9.2.3declaretotheInsurertheactualamountspentinthecontractworksbythetimeofdeclarationaswellasupdatedestimatecontractvalueatanintervalofeverytwelve（12）monthsfromtheinceptiondateofthisPolicy,iftheconstructionperiodoftheinsuredprojectislongerthanthirty-six（36）months,theInsurershalladjustthepremiumaccordingly;

9.2.4providetheInsurerwiththeactualfinalcontractvaluewithinthree（3）monthsaftertheexpirydateofthePolicy,andthepremiumshallbeadjustedaccordingly.

Article10ThedeductibleshallbeagreeduponbetweentheApplicantandtheInsurerwhenenteringintotheinsurancecontractandbespecifiedinthisPolicy.

LOSSSETTLEMENT

Article11TheInsurermay,athisownoption,indemnifytheinsuredinrespectoflossofordamagetothepropertyinsuredeitherbywayofpaymentincashorbywayofrepairorreplacementoftheitemslostordamaged.Neverthelesstheextracostsand/orexpensesofanyalterations,additionsorimprovementsoccurringinthecourseofrepairorreplacementcarriedoutbytheInsuredshallnotberecoverableunderthisPolicy.

Article12IncaseofanylossordamagerecoverableunderthisPolicy,theInsurershallascertainthelossamountonthefollowingbasis:

12.1Incaseswheredamagewhichcanberepaired,theInsurershallindemnifythecostsincurrednecessarilytorepairortorestorethedamagedpropertytoitsnearestconditionimmediatelybeforetheoccurrenceoflossordamageafterdeductingthesalvagevaluespecifiedinArticle46.If,however,thecostsofrepairequalorexceedtheactualvalueofthedamagedpropertyimmediatelybeforetheoccurrenceoflossordamage,thesettlementshallbemadeonthebasisprovidedforinArticle12.2;

12.2Intheeventofatotalorconstructivetotalloss,theInsurershallpaytheactualvalueoftheinsuredpropertyimmediatelybeforetheoccurrenceofthelossordamage,afterdeductingthesalvagevalueasreachedinArticle46.

Article13ForthelossofordamagetotheinsuredpropertyrecoverableunderthisPolicy,theamountofindemnityshallbeascertainedonthefollowingbasis:

13.1Ifthesuminsuredisequivalenttoorhigherthantheamountrequiredtobeinsured,theamountofindemnityshallbetheactuallosssustainedbutinnocaseshallthemaximumliabilityoftheInsurerexceedtheamountrequiredtobeinsured.

13.2Ifthesuminsuredislessthantheamountrequiredtobeinsured,theamountofindemnityshallbesuchaproportionoftheactuallossasthesuminsuredbearstotheamountrequiredtobeinsured,butinnocaseshallthemaximumliabilityoftheInsurerexceedthesuminsured.

Article14TheamountofindemnityforanyoneaccidentistheamountasreachedinArticle13afterdeductionofthedeductibleforanyoneaccident,ortheamountasreachedinArticle13afterdeductionoftheamountmultiplyingthedeductibleratio.

Anylossofordamagetothepropertyinsuredarisingduringanyoneperiodofseventy-two（72）consecutivehours,causedbystorm,typhoon,floodorothercontinuousoccurrenceofnaturalhazardsshallbedeemedasasingleeventandconstituteonelossoccurrence,deductingthedeductible（ratio）foronetimeinthesettlementofanyclaim.Thecommencementofanysuchseventy-two（72）hourperiodcanbedecidedatthediscretionoftheInsured.However,thereshallbenooverlappinginanytwoormoresuchseventy-two（72）hourperiodsintheeventofdamageoccurringoverseveralcontinuousseventy-two（72）hour