财产保险合同英文.docx

财产保险合同英文.docx

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财产保险合同英文

财产保险合同（英文）

propertyinsuranceclauses

wholedoc.

i.thepropertyinsured

thepropertyinsuredshallrefertoallpropertiesandexpensesspe-

cifiedinthescheduleofthispolicy.

unlessspecificallyagreeduponinwritingbetweentheinsuredandthe

companyandappraisedandvalue-establishedbyprofessionalsorassessors,

thefollowingarticlesandtheexpensesrelevanttheretoshallnotbe

coveredunderthispolicy:

1.gold,silver,pearls,diamonds,preciousstonesandjades;

2.antiques,articlesofvirtue,ancientcoins,ancientbooksand

ancientpaintings;

3.worksofartorpostagestamps;

4.advertisements,aerials,neon,piecesofsolarenergyapparatus

etc.onbuildings;

putersystemrecordsoritsmakingandcopyingcosts.

undernocircumstancesshallthefollowingarticlesrelevantthereto

becoveredhereunder:

1.guns,ammunitionorexplosives;

2.banknotes,securities,bills,documents,files,accountbooksor

drawings;

3.animals,plantsandagriculturalcrops;

4.mobilephones,portablecomputers,removablephotographapparatus

orotherpreciousarticles;

5.vehicleslicensedforgeneraltransportuse.

ii.scopeofcover

thecompanyshallindemnifytheinsuredinrespectofthephysical

lossofordamagetotheinsuredpropertystatedinthescheduleduring

theperiodofinsurancedirectlyarisingfromthefollowingperils:

1.fire;

2.explosion;

butnotincludingexplosionofaboilerorotherpressurerelief

devices;

3.lightning;

4.hurricane,typhoonandtornado;

5.storm,tempestandflood;

butnotincludinglossordamagecausedbychangeinnormalwater

levelorinundationfromseawaterorwaterescapeorleakagefromthe

normalconfinesofanynaturalwatercourse,lakeorreservoir,canalor

damaswellaslossofordamagetotheinsuredpropertycausedbystorm,

tempestorfloodwhilebeingstoredintheopenorcoveredbyorundera

shedthatchedwithreeds,tarpaulins,straw,asphaltfelt,plasticor

nylonsheet;

6.hailstorm;

7.landslide,rockslide,avalanche;

8.volcanicexplosion;

9.subsidenceofground;

butnotincludinglossordamageresultingfrompiledriving,

groundworkorexcavation;

10.crashingaircraftandpartsorarticlesfallingfromaircraftand

otherflyingobjects;

11.burstingofwatertankorpipe;

butnotincludingburstingofwatertankorpipeduetorust.

iii.exclusions

thiscompanyshallnotbeliablefor:

1.lossofordamagetotheinsuredpropertyorexpensescausedby

intentionalactorgrossnegligenceoftheinsuredorhisrepresentative;

2.lossofordamagetotheinsuredpropertycausedandexpenses

incurredbyearthquakeortsunami;

3.depreciation,lossofmarket,lossofuseandotherconsequential

lossesofanydescription;

4.lossofordamagetotheinsuredpropertyorexpensesincurred

arisingfromwar,warlikeoperation,hostilities,armedconflicts,

terrorism,conspiracyinsurrection,coupdetat,strike,riot,andcivil

commotion;

5.confiscation,requisition,destructionordamagebyanyactionor

orderofanygovernmentdejureordefactoorbyanypublicauthorities;

6.lossofordamagetoinsuredpropertydirectlyorindirectlycaused

orexpensesincurredbynuclearfission,nuclearfusion,nuclearweapon,

nuclearmaterial,nuclearradiationandradioactivecontamination;

7.lossordamagecausedandexpensesincurredbypollutionofany

kindordescriptionwhatsoeversuchasatmosphere,landandwater

pollutionsbutthisdoesnotincludelossordamagecausedbypollution

arisingfromperilsspecifiedinarticleiithepolicy;

8.thedeductiblesstatedinthescheduletobebornebytheinsured;

9.lossordamagearisingfromanyotherperilsnotlistedinarticle

iiofthispolicy.

iv.treatmentofclaim

1.thecompanyshallatitsoption,indemnifytheinsuredinrespect

oflossordamagefallingwithinthescopeofcoverofthepolicyby

either:

1.1payingtheamountoftheactualvalueofthepropertylostor

damagedor;

1.2payingthenecessarycostofrepairingorrestoringthedamaged

propertytoitsnearestconditionimmediatelyprecedingthedamageor;

1.3repairingorrestoringthedamagedpropertytoaconditionnearto

otherpropertyoflikekindandquality.

2.indemnityunderthispolicyshallbebaseduponthesoundmarket

valueofthepropertyprevailingatthetimeofloss.ifthesoundmarket

valueofthedamagedpropertyislowerthanthesuminsuredofsuch

property,theclaimshallbesettledonitsmarketvalue;ifthesound

marketvalueofthepropertyisinexcessofthesuminsured,thecompany

shallonlybeliableforsuchproportionoftheclaimasthesuminsured

ofthedamagedpropertybearstoitssoundmarketvalue.iftheinsured

propertyenumeratedinthescheduleismorethanoneitem,theprovision

ofthisclauseshallapplytoeachthereof.

3.ifaclaimforlossofordamagetotheinsureditemissettledon

atotallossbasis,thesalvagevalueofsuchitemshallbedeductedfrom

theindemnitypayablebythecompany.thecompanymay,atitsoption,

declinetheabandonmentofanydamagedpropertybytheinsured.

4.intheeventoflossofordamagetoanyequipmentiteminsured

formingpartofapairorset,thecompanyshallnotbeliableinrespect

ofeachofsuchitemlostordamagedformorethanitsproportionatepart

ofthesuminsuredonthecompletepairorset.

5.intheeventofanylossoccurrence,thecompanyshallalsopaythe

insuredfortheexpensesreasonablyincurredfortakingnecessarymeasures

tominimizelossordamagetotheleastextent,butinnocaseshallsuch

expensesreferredheretoexceedthesuminsuredoftheinsuredproperty.

6.uponsettlementofaclaim,anendorsementshallbeissuedbythe

companytoreducethesuminsuredcorrespondingtothepropertylostor

damagedbytheamountsosettledfromthedateofloss,andnopremium

shallberefundedfortheamountsoreduced.ifreinstatementofthesum

insuredisrequiredbytheinsureduponsettlementoftheclaim,an

additionalpremiumforthereinstatedamountshallbechargedatanagreed

rate,andbecalculatedonproratadailybasisfromthedateoflossto

theexpiryoftheinsurance.

7.thetimeofvalidityofaclaimunderthisinsuranceshallnot

exceedaperiodoftwoyearcountingfromthedateofloss.

v.insuredsobligations

thefollowingobligationsshallbestrictlyfulfilledbytheinsured

andhisrepresentative:

1.theinsuredandhisrepresentative,whenapplyingforinsurance

shallmaketrueanswersordescriptionstothequestionsintheproposal

andquestionnaireortoanyotherquestionsraisedbythecompany.

2.theinsuredandhisrepresentativeshallpaytothecompanyindue

coursetheagreedpremiuminthemannerasprovidedinthescheduleand

endorsements.

3.duringtheperiodofthisinsurance,theinsuredshallathisown

expensetakeallreasonableprecautions,includingpayingsufficient

attentiontoandputtingintopracticethereasonablerecommendationsof

thecompany,prudentlyselectingtheworkmenandemployeesandcomplying

withallstatutoryregulationsandsafetyoperationprocedures.

4.intheeventofanyoccurrencewhichgivesormightgiverisetoa

claimunderthispolicy,theinsuredorhisrepresentativeshall:

4.1notifythecompanyimmediatelyandwithinseven（7）daysorany

furtherperiodasmaybeagreedbythecompanyinwriting,furnisha

writtenreporttoindicatethecourse,probablereasonandextentofloss

ordamage;

4.2takeallnecessarymeasurestoavoidaggravationofthelossor

damageandminimizeittotheleastextent;

4.3preservethespotaffectedanddefectivepartsbeforean

inspectioniscarriedoutbyarepresentativeorsurveyorfromthe

company;

4.4furnishallsuchinformationanddocumentaryevidenceasthe

companymayrequireforsupportingtheclaim.

vi.generalconditions

1.policyeffect

thedueobservanceandfulfilmentofthetermsandconditionsofthis

policyinsofarastheyrelatetoanythingtobedoneorcompliedwithby

theinsuredshallbeaconditionprecedenttoanyliabilityofthecompany

underthispolicy.

2.policyvoidance

thispolicyshallbevoidableintheeventofmisrepresentation,

misdescriptionornon-disclosuremadebytheinsuredorhisrepresentative

inanymaterialparticularinrespectofthisinsurance.

3.policytermination

unlessitscontinuancebeadmittedbythecompanyinwriting,this

policyshallbeautomaticallyterminatedif:

3.1theinsurableinterestoftheinsuredislost;

3.2theriskoflossordamageisincreased.

afterterminationofthepolicy,thepremiumshallberefundedtothe

insuredcalculatedonproratadailybasisfortheperiodfromthedateof

terminationtothedateofexpiry.

4.policycancellation

thispolicymaybecanceledatanytimeattherequestoftheinsured

inwritingorattheoptionofthecompanybygivingafifteen（15）days

priornoticetotheinsured.intheformercasethecompanyshallretaina

premiumcalculatedonshorttermratebasisforthetimethepolicyhas

beeninforcewhileinthelattercasesuchpremiumshallbecalculatedon

proratadailybasis.

5.forfeitofbenefit

iftheclaimisinanyrespectfraudulent,orifanyfraudulentmeans

ordevicesareusedbytheinsuredorhisrepresentativetoobtainany

benefitunderthispolicyorifanylossordamageisoccasionedbythe

intentionalactorintheconnivanceoftheinsuredorhisrepresentative,

theninanyofthesecases,alltherightsandbenefitsoftheinsured

underthispolicyshallbeforfeited,andallconsequentlossesarising

therefromincludingtheamountofclaimpaidbythecompanyshallbe

indemnifiedbytheinsured.

6.reasonableinspection

therepresentativeofthecompanyshallatanysuitabletimebe

entitledtoattendthesiteandinspectorexaminetheriskexplosureof

thepropertyinsured.forthispurpose,theinsuredshallprovidefull

assistanceandalldetailsandinformationrequiredbythecompanyasmay

benecessaryfortheassessmentoftherisk.theabovementioned

inspectionorexaminationshallinnocircumstancesbeheldasany

admissiontotheinsuredbythecompany.

7.doubleinsurance

shouldanyloss,damage,expensesorliabilityrecoverableunderthe

policybealsocoveredbyanyotherinsurance,thecompanyshallonlybe

liabletopayorcontributehisproportionoftheclaimirrespectiveasto

whethertheotherinsuranceisarrangedbytheinsuredorothersonhis

behalf,orwhetheranyindemnificationisobtainableundersuchother

insurance.

8.subrogation

whereathirdpartyshallbeheldresponsibleforthelossordamage

coveredunderthispolicy,theinsuredshall,whetherbeingindemnifiedby

thecompanyornot,takeallnecessarymeasurestoenforceorreservethe

rightofrecoveryagainstsuchthirdparty,anduponbeingindemnifiedby

thecompany,subrogatetothecompanyalltherightofrecovery,transfer

allnecessarydocumentstoandassistthecompanyinpursuingrecovery

fromtheresponsibleparty.

9.dispute

alldisputesunderthisinsurancearisingbetweentheinsuredandthe

companyshallbesettledthroughfriendlynegotiations.wherethetwo

partiesfailtoreachanagreementafternegotiations,suchdisputeshall

besubmittedtoarbitrationortocourtforlegalactions.unless

otherwiseagreed,sucharbitrationorlegalactionshallbecarriedoutin

theplacewheret