Policy Wording - Great Eastern

REMOVAL OF DEBRISThe Corporation will indemnify the Insured up to the limit specifiedon the Schedule for costs or expenses necessarily incurred in theremoval of debris of the property under the policy destroyed ordamaged by any of the Insured Perils.DETERIORATION OF FOOD AND DRINKS IN REFRIGERATOR OR FREEZERThe Corporation will indemnify the Insured up to the limit specifiedon the Schedule for the loss of or damage to food and drinks containedin any refrigerator which is less than five years old and installed inthe Building caused by deterioration resulting from breakdown orexplosion of such refrigeration or non-operation of any thermostaticor automatic controlling devices pertaining therein.The liability of the Corporation in any one period of insurance shallnot exceed the limit specified on the Schedule.This extension does not cover loss or damage caused by(a) a deliberate act or negligence of the Insured.(b) the failure of the electricity supply as a direct or indirectconsequence of the deliberate act by the supply authority and/or their employees.(c) disconnection of the electricity supply whether unintentional orotherwise at the Building in which the refrigerator is contained.LOSS OF MONEY DUE TO FORCIBLE ENTRYThe Corporation will indemnify the Insured up to the limit specifiedon the Schedule for the loss of money, ATM cards, Credit Cards,belonging to the Insured and/or any member of his family and/ordomestic servant normally residing with him as a result of forcibleentry whilst kept in the Building used solely as a private residenceup to an amount not exceeding the limit specified on the Schedule.LOSS OR DAMAGE TO MOBILE/SMART PHONES & PORTABLECOMPUTERS/DIARIESThe Corporation will indemnify the Insured up to the limit specifiedon the Schedule for the loss of or damage to mobile phones, pagersand portable computers/ diaries/personal digital assistants causedby any of the Insured Perils whilst contained in the Building.EXCLUSIONS TO SECTION 1The Corporation will not be liable in respect of:(a) inherent fault, latent defect or faulty workmanship, defectivedesign or use of defective materials.(b) any loss, destruction or damage as a result of the Buildingawaiting or undergoing renovation, maintenance, alteration orextension, construction or demolition.(c) unexplained loss or mysterious disappearance.(d) theft or any attempt thereat by the Insured and / or members ofhis Family and / or domestic servant or at the time of sustainingsuch injury is engaged in and under a contract of service orcontract for service verbal or otherwise with the Insured.BASIS OF SETTLEMENTThe basis of settlement of any claim shall be as follows:(a) for partial damage, the cost of reasonable and economicalrepair to a condition substantially the same as but not better ormore extensive than the condition when new. If such repair isnot carried out within 12 months from date of occurrence, theCorporation will settle claims on indemnity basis i.e. the costof reasonable and economical repair of damaged item less anamount for wear and tear or depreciation.(b) for total loss, if the item damaged or lost is not more than three(3) years old at the date of loss, the full cost of the replacementitem will be indemnified provided always that the replacementitem is substantially the same as but not better or moreextensive than the item damaged or lost when new. If the itemdamaged or lost is more than three (3) years at the date of lossor is less than three (3) years but not replaced within 12 monthsfrom date of loss, the cost of a comparable replacement item lessan appropriate allowance for the age and condition of the itemdamaged or lost will be indemnified.SECTION 2 – WORLDWIDE PERSONAL LIABILITYThe Corporation will indemnify the Insured and/or his spouse and/or up to 3 biological or legally adopted children up to the Limits ofLiability as stated in the Schedule against all sums for which theymay be legally liable including legal costs and expenses in respect of:(a) Accidental Bodily Injury (including death) to third parties; or(b) Accidental loss and/or damage to property belonging to third parties,occurring during the Period of Insurance subject to the TerritorialLimits as stated herein for this Section.LIMITS OF INDEMNITYThe liability of the Corporation for compensation under Section 2shall not exceed the limit of indemnity as stated in the Schedulein the aggregate for all claims in respect of or arising out of oneoccurrence or in respect of or arising out of all occurrences of a seriesconsequent on or attributable to one source or original cause.In addition, in respect of a claim to which the indemnity expressed inthis Section applies, the Corporation will pay:(a) all costs and expenses of litigation recovered by any claimantagainst the Insured and/or his spouse.(b) all costs and expenses of litigation incurred with the writtenconsent of the Corporation.In the event of the death of the Insured and/or his spouse and/ortheir biological or legally adopted children, the Corporation will, inrespect of the liability incurred by the Insured and/or his spouse and/or their biological or legally adopted children, indemnify his legalrepresentatives in the terms of and subject to the limitations of thisPolicy provided that such legal representatives shall as though theywere the Insured and/or his spouse observe, fulfill and be subject tothe terms exceptions and conditions of this Policy in so far as theycan apply.EXCLUSIONS TO SECTION 2The Corporation shall not be liable in respect of(a) bodily injury to any person being a member of the Insured’sFamily and / or domestic servant or at the time of sustaining suchinjury is engaged in and under a contract of service or contractfor service verbal or otherwise with the Insured.3ValueHome CoverMay 2013