Households & Personal Effects

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The insurance is subject to the Institute Cargo Clauses (A) and the Institute War Clauses, and Institute Strikes Clauses and in addition, to the following clauses, conditions and exclusion.

1. Average Clause

This Policy is subject to the condition of average, that is to say, if the property covered by this insurance shall at the time of loss be of greater value than the sum insured hereby the Assured shall only be entitled to recover hereunder such proportion of the said loss as the sum insured by this Policy bears to the total value of the said property.

2. Pairs and Sets Clause

Where any insured item consists of articles in a pair or set this Policy is not to pay more than the value of any particular part or parts which may be lost without reference to any special value which such article or articles may have as part of such pair or set, nor more than a proportionate part of such pair or set.

3. Depreciation

Underwriter’s liability is restricted to the reasonable cost of repair and no claim is to attach hereto for depreciation consequent thereon.

4. Mechanical and Electrical Derangement

Excluding loss of or damage due to mechanical, electrical or electronic derangement unless there is evidence of external damage to the insured item or its packing.

5. Excluding loss or damage due to moth, vermin, wear, tear and gradual deterioration.

6. Replacement Clause

In the event of loss of or damage to any part or parts of an insured machine caused by a peril covered by the policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and refitting, if incurred, but excluding duty unless the full duty is included in the amount insured, in which case loss, if any, sustained by payment of additional duty shall also be recoverable,

Provided always that in no case shall the liability of Underwriters exceed the insured value of the complete machine.

7. Climatic Conditions Clause

Excluding loss or damage by climatic or atmospheric conditions or extremes or temperature.

8. Owner Packed Effects

Excluding breakage, scratching, denting, chipping, staining and tearing of owner packed effects, including trunks, suitcases and the like. Also excluding claims for missing items unless a valued list supplied by owner prior to commencement of transit.

9. Excluded Goods

Excluding loss of or damage to furs valued over ₤100, or any cash, notes, stamps, deeds, tickets, travellers’ cheques, jewellery, watches, or similar valuable articles.

10. Accompanied Personal Effects

Excluding loss from unattended vehicle.