Co-Insurance Clause

This Co-insurance is subject to all the clauses, terms and conditions of the collective co-insurance policy issued by <Lead Insurer Name> or to “Company”/”Insurer” wherever it appears shall be deemed to refer to the participating co-insurers and they shall each for themselves and not one for the other severally and independently have the rights and assume the liabilities in proportion to their respective shares shown below.

It is understood and agreed that <Lead Insurer Name> as the representative of the co-insurers shall attend to all matters connected with this co-insurance and any agreement or decision which may be made between the Insured and <Lead Insurer Name> shall be final and binding upon all other co-insurers, with the exception of increase in sum insured and revision in rates, terms and conditions which is subject to the prior agreement of the co-insurers.

The co-insurers hereon agree to follow the claim settlement of <Lead Insurer Name> in all respect and to bear their respective proportion of any expenses incurred whether legal or otherwise in the investigation and defence of any claims hereunder, except for ex-gratia claims settlement where the consent of the co-insurers shall be obtained prior to settlement.

Endorsement 120 - Vibration, Removal or Weakening of Support

It 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, Section 2 of this insurance shall be extended to cover liability consequent upon loss or damage caused by vibration or by the removal or weakening of support.


Provided always that
the Insurers indemnify the Insured in respect of liability for loss or damage to any property or land or building only if such loss or damage results in the total or partial collapse,
– the Insurers indemnify the Insured in respect of liability for loss or damage to any property or land or building only if prior to the commencement of construction its condition is sound and the necessary loss prevention measures have been taken,
– if required, the Insured, before commencement of construction and at his own expense, prepares a report on the condition of any endangered property or land or building.


The Insurers shall not indemnify the Insured in respect of liability for
– loss or damage which is foreseeable having regard to the nature of the construction work or the manner of its execution,
– superficial damage which neither impairs the stability of the property, land or buildings nor endangers their users,
– the costs of loss prevention or minimization measures which become necessary during the period of insurance.


Limit of indemnity (any one occurrence):
Total limit of indemnity:
Deductible:
Extra premium: