With the special application of the insured and the written consent of the Company, the following items and expenses can also be used as insurance property after being evaluated and determined by professionals or loss assessment departments:
(a) gold and silver, jewelry, diamonds and jade;
(2) Antiques, coins, books, paintings and calligraphy;
(3) artworks and stamps;
(four) advertisements, antennas, neon lights, solar devices, etc. On the building;
(five) computer materials and their production and reproduction costs.
The following items shall not be used as insurance property:
(1) Guns, ammunition and explosives;
(2) Cash, negotiable securities, bills, documents, files, account books and drawings;
(3) Animals, plants and crops;
(four) portable communication equipment, computer equipment, camera equipment and other valuables;
(5) Vehicles used for public transportation. During the insurance period, if the insured property listed in the schedule of this insurance policy is directly damaged or lost (hereinafter referred to as "loss") due to natural disasters or accidents, the Company shall be responsible for compensation according to the provisions of this insurance policy.
Definition:
Natural disasters: lightning, hurricane, typhoon, tornado, storm, rainstorm, flood, flood, freezing disaster, hail, landslide, landslide, avalanche, volcanic eruption, land subsidence and other irresistible destructive natural phenomena.
Accident: refers to accidents and unexpected events beyond the control of the insured that cause material losses, including fire and explosion. Our company is not responsible for the compensation for the following items:
(a) Losses and expenses caused by design errors, defective raw materials or poor technology;
(2) Losses and expenses caused by natural losses, inherent or potential defects, changes in the substance itself, spontaneous combustion, self-heating, oxidation, corrosion, leakage, rat bites, insect bites, atmospheric changes (climate or temperature), normal water level changes or other gradual changes;
(three) damage to the mechanical or electrical device itself caused by external forces;
(four) the boiler and pressure vessel explosion caused its own losses;
(5) Loss of mechanical or electrical equipment due to the fault of the insured and its employees;
(six) inventory losses found during the inventory;
(seven) the consequences of devaluation, loss of market or use value;
(8) Losses caused by wind, frost, severe cold, rain, snow, flood, hail and dust to the insurance property stored in the open air or covered with reed mat, waterproof cloth, thatch, linoleum, plastic film or nylon cloth;
(9) Losses and expenses caused by the earthquake and tsunami;
(ten) the glass fixed on the building is broken;
(eleven) any losses, expenses and responsibilities caused by the intentional acts or gross negligence of the insured and its representatives, as well as the theft of the insured's relatives and friends or employees;
(twelve) the losses caused by the interruption of public power supply, gas supply and other public energy sources, except the interruption caused by natural disasters or accidents;
(thirteen) losses, expenses and responsibilities caused by war, similar acts of war, hostile acts, armed conflicts, terrorist activities, rebellion, coup, strikes, riots and civil strife;
(14) The government or any public authority orders confiscation, requisition, destruction or destruction;
(fifteen) any losses and expenses caused by nuclear fission, nuclear fusion, nuclear weapons, nuclear materials, nuclear radiation and radioactive pollution;
(sixteen) any losses, expenses and responsibilities caused by air, land, water pollution and other kinds of pollution; But it does not include losses caused by pollution caused by natural disasters or accidents;
(17) Deductible stipulated by the insurance policy schedule or relevant clauses to be borne by the insured. (1) In case of losses within the scope of this insurance, the Company will choose the following methods to compensate:
1, and compensate according to the value of the damaged property;
2. Pay the cost of repairing and restoring the damaged property to its original state;
3. Repair and restore the damaged property to make it basically consistent with similar property.
(2) Compensation for damaged property shall be calculated according to the market price at the time of loss. When the market price is lower than the insured amount, the compensation shall be calculated according to the market price; When the market price is higher than the insured amount, the compensation shall be calculated according to the ratio of the insured amount to the market price. If there is more than one item in this insurance, the compensation amount shall be calculated item by item according to these provisions.
(3) If the company pays for the total loss after the loss of the insured goods, the residual value shall be deducted from the indemnity, and the company has the right not to accept the abandonment of the damaged property by the insured.
(4) In case of loss of any matched or complete project, the liability of the Company shall not exceed the proportion of the damaged project in the insured amount of the matched or complete project.
(5) The Company may compensate the reasonable expenses incurred by the insured in taking necessary measures to reduce the loss after the loss occurs, but the sum of the expenses and the compensation amount for material losses is limited to the insured amount of the damaged insured property.
(6) After the company compensates for the losses, it will issue an approval to reduce the insurance amount from the date when the losses occur, and the insurance premium will not be refunded for the reduced amount. If the insured requests to restore the original insurance amount, he shall pay the insurance premium calculated on a daily basis from the date of loss to the date of termination of the insurance period according to the agreed insurance rate.
(7) The claim period of the insured shall not exceed two years from the date of loss. The insured and its representatives shall strictly perform the following obligations:
(1) When applying for insurance, the insured and his representative shall make a true and detailed explanation or description of the matters listed in the application for insurance and other matters proposed by the Company;
(2) The insured and his representative shall pay the insurance premium on schedule according to the schedule and approval form of this insurance policy;
(3) During the insurance period, the insured shall take all reasonable preventive measures, including seriously considering and implementing the reasonable loss prevention suggestions put forward by the company's representative, and all expenses arising therefrom shall be borne by the insured;
(4) In the event of an accident that causes or may cause a claim under this policy, the insured or his representative shall:
1. Inform our company immediately, and provide the course, cause and loss degree of the accident in the form of a written report within seven days or within the extended period agreed by our company in writing;
2. Take all necessary measures to prevent further expansion of losses and minimize losses;
3. Keep the scene of the accident and relevant physical evidence before the company representative or inspector makes an investigation;
4. When the insured property is stolen or maliciously damaged, report it to the public security department immediately;
5. Provide all supporting documents, materials and documents as the basis of claim according to the company's requirements. (1) Effectiveness of the policy
The insured's strict compliance and performance of the provisions of this insurance policy is the premise for the company to undertake the compensation liability under this insurance policy.
(2) The policy is invalid.
If the insured or his representative omits, misstates, misrepresents or conceals the substantial contents of this insurance, this insurance is invalid.
(3) termination of the policy
Unless otherwise agreed in writing by the Company, this insurance policy will be automatically terminated under the following circumstances:
1, the insured loses the insurable interest;
2. The underwriting risk is magnified.
After the termination of this insurance policy, the company will refund the unexpired premium under this insurance policy to the insured on a daily basis.
(4) Cancellation of insurance policy
The insured may apply in writing to cancel this insurance policy at any time, and the Company may also notify the insured to cancel this insurance policy fifteen days in advance. For the insurance premium within the validity period of this insurance policy, the former will be charged by our company according to short term rates, and the latter will be charged on a daily basis.
(5) Loss of rights and interests
If any claim contains false elements, or the insured or his representative attempts to obtain benefits under this policy by fraudulent means, or any loss is caused by the intentional behavior or connivance of the insured or his representative, the insured will lose all his rights and interests under this policy. All losses arising therefrom, including the compensation paid by the Company, shall be compensated by the insured.
(6) Reasonable inspection
The company representative has the right to conduct on-site inspection on the risks of the insured property at any appropriate time. The insured shall provide all conveniences and the details and information needed by the Company to evaluate the relevant risks. However, the above inspection does not constitute any commitment of the Company to the insured.
(7) Double insurance
When this insurance policy is responsible for compensating losses, expenses or liabilities, if other insurances with the same protection exist, regardless of whether the insured or others have insured in their name or not, and whether the insurance has compensated or not, the Company is only responsible for sharing the compensation liabilities in proportion;
(8) Transfer of rights and interests
If the loss under this insurance policy involves other responsible parties, the insured shall immediately take all necessary measures to exercise or reserve the right to claim compensation from the responsible party, regardless of whether the company has compensated the insured. After the company pays the indemnity, the insured shall transfer the right to recover from the responsible party to the company, hand over all necessary documents and assist the company to recover from the responsible party.
(9) Dispute settlement
All disputes concerning this insurance between the insured and the Company shall be settled through friendly negotiation. If negotiation fails, you can apply for arbitration or bring a lawsuit to the court. Unless otherwise agreed in advance, arbitration or litigation shall be conducted at the defendant's place.