【文章內(nèi)容簡介】 Policy by the Insurers.If, in the event of loss or damage, it is found that the sums insured are less than the amounts required to be insured, then the amount recoverable by the Insured under this Policy shall be reduced in such proportion as the sums insured bear to the amounts required to be insured. Every object and cost item is subject to this condition separately.Memo 2 Basis of loss settlementIn the event of any loss or damage the basis of any settlement under this Policy shall bea) in the case of damage which can be repaired the cost of repairs necessary to restore the items to their condition immediately before the occurrence of the damage less salvage, orb) in the case of a total loss the actual value of the items immediately before the occurrence of the loss less salvage,however, only to the extent the costs claimed had to be borne by the Insured and to the extent they are included in the sums insured and provided always that the provisions and conditions have been plied with.The insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be. All damage which can be repaired shall be repaired, but if the cost of repairing any damage equals or exceeds the value of the items immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in b) above.The cost of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final repairs and do not increase the total repair expenses.The cost of any alterations, additions and/or improvements shall not be recoverable under this Policy.Memo 3 Extension of coverExtra charges for overtime, nightwork, work on public holidays, express freight are covered by this insurance only if previously and specially agreed upon in writing.Section 2 Third party liabilityThe Insurers will indemnify the Insured up to but not exceeding the amounts specified in the Schedule against such sums which the Insured shall bee legally liable to pay as damages consequent upona) accidental bodily injury to or illness of third parties (whether fatal or not).b) accidental loss of or damage to property belonging to third partiesoccurring in direct connection with the construction or erection of the items insured under Section 1 and happening on or in the immediate vicinity of the site during the period of cover.In respect of a claim for pensation to which the indemnity provided herein applies, the Insurers will in addition indemnify the Insured againsta) all costs and expenses of litigation recovered by any claimant from the Insured, andb) all costs and expenses incurred with the written consent of the Insurers,provided always that the liability of the Insurers under this Section shall not exceed the limits of indemnity stated in the Schedule.Special exclusions to Section 2The Insurers will not indemnify the Insured in respect of1. the deductible stated in the Schedule to be borne by the Insured in any one occurrence。2. the expenditure incurred in doing or redoing or making good or repairing or replacing anything covered or coverable under Section 1 of this Policy：3. damage to any property or land or building caused by vibration or by the removal or weakening of support or injury or damage to any person or property occasioned by or resulting from any such damage (unless especially agreed upon by endorsement)：4. liability consequent upona) bodily injury to or illness of employees or workmen of the Contractor(s) or the Principal(s) or any other firm connected with the project which or part of which is insured under Section 1, or members of their families：b) loss of or damage to property belonging to or held in care, custody or control of the Contractor(s), the Principal(s) or any other firm connected with the project which or part of which is insured under Section 1, or an employee or workman of one of the aforesaid：c) any accident caused by vehicles licensed for general road use or by waterborne vessels or aircraft：d) any agreement by the Insured to pay any sum by way of indemnity or otherwise unless such liability would have attached also in the absence of such agreement.Special conditions applying to Section 21. No admission, offer, promise, payment or indemnity shall be made or given by or on behalf of the Insured without the written consent of the Insurers who shall be entitled, if they so desire, to take over and conduct in the name of the Insured the defence or settlement of any ciaim or to prosecute for their own benefit in the name of the Insured any claim for indemnity or damages or otherwise and shall have full discretion in the conduct of any proceedings or in the settlement of any claim and the Insured shall give all such information and assistance as the Insurers may require.2. The Insurers may so far as any accident is concerned pay to the Insured the limit of indemnity for any one accident (but deducting therefrom in such case any sum or sums already paid as pensation in respect thereof) or any lesser sum for which the claim or claims arising from such accident can be settled and the Insurers shall thereafter be under no further liability in respect of such accident under this Section.Extensions1. Endorsement 004Extended maintenance coverIt is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended for the maintenance period specified hereunder to cover loss of or damage to the contract works一 caused by the insured contractor(s) in the course of the operations carried out for the purpose of plying with the obligations under the maintenance provisions of the contract,occurring during