Coverage

Section I – Material Damage

The Insurer agrees with the Insured that, if at any time during the period of cover, the items or any part thereof listed in the Schedule suffer any unforeseen and sudden physical loss or damage (from any cause other than those specifically excluded), in a manner requiring repair or replacement —

The Insurer will indemnify the Insured by payment in cash, replacement, or repair (at the Insurer’s option), up to an amount not exceeding:

• For each item specified in the Schedule — the sum insured stated opposite thereto.

• For any one event — the limit of indemnity, where applicable.

• In total — the overall sum insured expressed in the Schedule.

Section II – Third Party Liability

The Insurer will indemnify the Insured, up to but not exceeding the amounts specified in the Schedule, against legal liability for payment of damages arising from:

• Accidental bodily injury or illness to third parties (whether fatal or not).

• Accidental loss of or damage to third-party property, occurring in direct connection with the construction or erection of the insured items under Section I, and happening on or near the site during the period of cover.

In respect of such claims, the Insurer will also indemnify the Insured for:

• All litigation costs and expenses recovered by any claimant from the Insured.

• All costs and expenses incurred with the written consent of the Insurer.

Provided always: the Insurer’s liability under this section shall not exceed the limits of indemnity stated in the Schedule.

Coverage Extension

Coverage is extended to include:

• Civil Engineering Contractors in relation to works under construction.

• Projects such as:

  • Buildings and civil engineering projects (office buildings, hospitals, schools, theatres, factories).

  • Power plants, roads, railways, airports, bridges, dams, tunnels, and similar infrastructure.