National Policy Warding Home Insurance
SECTION III
ALL RISKS (JEWELLERY AND VALUABLES)
The Company will indemnify the Insured or any member of the family in respect of loss of or damage to jewellery and Valuables caused by Accident or Misfortune whilst anywhere in India. Provided that the liability of the Company in respect of any one item in any one period of insurance will not exceed the sum insured set against such item in the Schedule hereto and not exceeding in the aggregate the total sum insured hereby. Provided further that where damage to any item can be repaired the Company will pay expenses necessarily incurred to restore the damage item to its former state of serviceability not exceeding the sum insured in respect of such item.
It is expressly declared and agreed that the condition of average in so far as this Section is concerned is deemed deleted.
SPECIAL EXCEPTIONS: The Company shall not be liable in respect of
i - Loss or damage due to cracking, scratching or breakage of lens or glass whether part of any equipment or otherwise or to china marble, gramophone records and other articles of brittle or fragile nature unless such loss or damage arise from accident to railway train or aircraft or vehicle by which such property is being conveyed.
ii - Loss or damage caused by moth, mildew, vermin or any process of cleaning, dyeing, repairing or restoring to which the property is subjected.
iii - Loss or damage caused by mechanical derangement or over winding of watches and clocks.
iv - Theft from car except from car of fully enclosed salon type having all the doors, windows and other opening securely locked and properly fastened.
v - Theft from car except from car of fully enclosed salon type having all the doors, windows and other opening securely locked and properly fastened.
SPECIAL CONDITIONS:
i - Where any item insured hereunder consists of articles in pair or set the Company’s liability in respect thereof shall not exceed the value of any particular part or parts which may be lost or damaged without reference to any special value which such article or articles may have as part of such pair or set not more than a proportionate part of the insured value of the pair or set.
ii - No one article or pair of articles is deemed to be more than 10% of the sum insured under this Section unless separately specified and value stated.