Insurance
This vehicle is covered by the following insurances:
Insurance details:
AMBULANCE EXPENSE LIMIT CLAUSE
MORTGAGEE ENDORSEMENT
The named mortgagee have/has an interest in this policy and any monies which would be payable to the
insured under this contract in respect of loss or damage to the insured vehicle (which loss or damage is
not made good by repair, reinstatement or replacement) shall be paid to said mortgagee as their/his
interests may appear.
NON-CANCELLATION CLAUSE
It is hereby declared and agreed that loss or damage, if any, shall be payable to (MORTGAGEE) as their
interests may appear, and it is hereby expressly understood and agreed that this policy or any renewal
thereof cannot be cancelled without prior written notification to and conformity by (MORTGAGEE).
Other Policy Details :
UPPA (UNNAMED PASSENGER PERSONAL ACCIDENT) - P50,000.00 PER PERSON / MAXIMUM AUTHORIZED
SEATING CAPACITY INCLUDING DRIVER
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MORTGAGEE CLAUSE
Loss or damage, if any, is payable to SECURITY BANK CORPORATION, as their interest may
appear, subject to the terms and conditions, clauses and warranties of this policy.
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NON CANCELLATION CLAUSE
It is expressly understood that this policy or any renewal thereof cannot be cancelled or
amended without prior written notification to and conformity by SECURITY BANK CORPORATION.
Endorsements/Warranties/Clauses :
The following are the endorsements, warranties and clauses applicable to this motor insurance policy:
AIRBAG CLAUSE
BUILT-IN/STANDARD ACCESSORIES
HUBCAPS ARE NOT COVERED AGAINST THEFT.
NON-CASA CLAUSE (FOR VEHICLES MORE THAN 60 MONTHS OLD)
TERRORISM EXCLUSION ENDORSEMENT
DRUNKEN DRIVER CLAUSE
DATE RECOGNITION CLAUSE
Your policy does not insure the following:
Failure or inability of any equipment or any computer program to recognize or correctly to interpret or
process any date as the true or correct date, or to continue to function correctly beyond the date.
SANCTION LIMITATION AND EXCLUSION CLAUSE - LMA 3100
No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or
provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or
provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under
United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union
or United Kingdom or United States of America.
POLITICAL RISKS EXCLUSION CLAUSE
This insurance does not cover loss or damage occasioned directly or indirectly by or through or in
consequence of any of the following occurrences namely:
(i) permanent or temporary dispossession resulting from confiscation nationalisation commandeering or
requisition by any lawfully constituted authority
(ii) permanent or temporary dispossession of any building resulting from the unlawful occupation of such
building by any person
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provided that the Company is not relieved of any liability to the Insured in respect of physical damage
to the Property Insured occurring before dispossession or during temporary dispossession which is
otherwise covered by this Policy
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(iii) the destruction of property by order of any public authority
In any action suit or other proceeding where the Company alleges that by reason of the provisions above
any loss destruction or damage is not covered by this insurance the burden of proving that such loss
destruction or damage is covered shall be upon the Insured.
INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIOCHEMICAL
AND ELECTROMAGNETIC WEAPONS EXCLUSION CLAUSE.
This clause shall be paramount and shall override anything contained in this insurance inconsistent
therewith;
1. In no case shall this insurance cover loss damage liability or expense directly or indirectly caused
by or contributed to by or arising from
1.1 ionising radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear
waste or from the combustion of nuclear fuel
1.2 the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear
installation, reactor or other nuclear assembly or nuclear component thereof
1.3 any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or
radioactive force or matter
1.4 the radioactive, toxic, explosive or other hazardous or contaminating properties of any radioactive
matter. The exclusion in this sub-clause does not extend to radioactive isotopes, other than nuclear
fuel, when such isotopes are being prepared, carried, stored, or used for commercial, agricultural,
medical, scientific or other similar peaceful purposes
1.5 any chemical, biological, bio-chemical, or electromagnetic weapon.
CYBER ATTACK EXCLUSION CLAUSE
1.1 Subject only to clause 1.2 below, in no case shall this insurance cover loss damage liability or
expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a
means for inflicting harm, of any computer, computer system, computer software programme, malicious code,
computer virus or process or any other electronic system.
1.2 Where this clause is endorsed on policies covering risks of war, civil war, revolution, rebellion,
insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power, or
terrorism or any person acting from a political motive, clause 1.1 shall not operate to exclude losses
(which would otherwise be covered) arising from the use of any computer, computer system or computer
software programme or any other electronic system in the launch and/or guidance system and/or firing
mechanism of any weapon or missile.
CONTINGENCY CLAUSE
UNAVAILABLE PARTS CONDITION CLAUSE
REPLACEMENT PARTS CONDITION
AIRDAM/SPOILER DEDUCTIBLE CLAUSE
WINDSHIELD AND WINDOW GLASS CLAUSE
PAIR AND SET ENDORSEMENT
It is understood and agreed that in the event of loss or damage to any accessory or accessories, spare
part or spare parts forming part of a set, the measure of loss or damage to such accessory or spare part
shall be its reasonable and fair proportion to the total value of the pair or set, giving consideration
to the importance of said accessories or spare parts, but in no event shall such loss or damage be
construed to mean a total loss of set or pair.