This policy of insurance witnesses that, subject to the insured having paid to the insurers the premium mentioned in the schedule and subject to the terms, exclusions, provisions and conditions contained herein or endorsed hereon.

The insurers hereby agree with the insured that if at any time during the period of insurance stated in the schedule or during any subsequent period for which the insured pays and the insurers may accept the premium for the renewal of this policy, the items (or any part thereof) entered in the schedule, whilst on the premises mentioned therein, suffer any unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, storm or from any other cause not specially excluded hereinafter in a manner necessitating repair or replacement.

The insurers will indemnify the insured in respect of such loss or damage, as hereinafter provided, by payment in cash, replacement or repair (at the insurers option) up to an amount not exceeding in any one year of insurance in respect of each of the items specified in the schedule the sum set opposite thereto and not exceeding in all the total sum expressed in the schedule as insured hereby.

This policy shall apply to the insured items after successful completion of their performance acceptance test whether they are at work or at rest or being dismantled for the purpose of cleaning overhauling or in the course of the aforesaid operations themselves or when being shifted within the premises, or during subsequent re-erection. The cost varies with the risk exposure and is calculated at a rate applied to the amount insured. The premises usually need to be surveyed to assess the existing hazards as well as to make necessary recommendations in order to reduce the risk of loss. These massages offer a brief description only. The actual policy wording prevails.

The cost varies with the risk exposure and is calculated at a rate applied to the amount insured. The premises usually need to be surveyed to assess the existing hazards as well as to make necessary recommendations in order to reduce the risk of loss. These messages offer a brief description only. The actual policy wording prevails.