5-2 承保範圍及不保事項 - ACE Group

(2) Work that has not yet been completed or abandoned. However, work will be deemedcompleted at the earliest of the following times:(a) When all of the work called for in the Insured’s contract has been completed.(b) When all of the work to be done at the job site has been completed if the Insured’s contractcalls for work at more than one job site.(c) When that part of the work done at a job site has been put to its intended use by anyperson or organization other than another contractor or subcontractor working on thesame project.Work that may need service, maintenance, correction, repair or replacement, but which isotherwise complete, will be treated as completed.b. Does not include bodily injury or property damage arising out of:(1) The transportation of property, unless the injury or damage arises out of a condition in or on avehicle not owned or operated by the Insured, and that condition was created by the loading orunloading of that vehicle by any insured;(2) The existence of tools, uninstalled equipment or abandoned or unused materials.DIMINUTION IN VALUE EXCLUSIONThis insurance does not apply to any loss, demand, claim or suit arising out of or related in any way to theactual or perceived loss in market or resale value which results from a direct and accidental loss.The company shall have no duty of any kind with respect to any such loss, demand, claim or suit.The addition of this endorsement does not imply that other policy provisions do not otherwise preclude orexclude coverage for any such claims, suits or proceedings.PURE FINANCIAL LOSS EXCLUSIONThis Policy does not cover the liability of financial loss sustained by a customer or user of any Insured’sProducts if such financial loss is a direct result of the defective or harmful conditions of such Insured’sProducts or their failure to perform a function for which they were supplied by the Insured.All other terms and conditions remain unchanged.ADDITIONAL INSURED (VENDORS-BROAD FORM)It is agreed that the "Persons Insured" provision is amended to include any person or organizationdesignated below (herein referred to as "vendor"), as an Insured, but only with respect to "bodily injury"or "property damage" arising out of the Named Insured's products designated below which aredistributed or sold by the vendor. It is also understood that the vendor has contracted with the NamedInsured in the regular course of the vendor's business, subject to the following additional provisions:1. The insurance with respect to the vendor does not apply to:(a) any express warranty unauthorized by the named insured;(b) bodily injury or property damage arising out of(i) any physical or chemical change in the form of the product made intentionally by the vendor.(ii) repacking, unless unpacked solely for the purpose of inspection, demonstration, testing orthe substitution of parts under instruction from the manufacturer and then repacked in theoriginal container.94