Insuring Agreement
Now this Policy witnesseth that in consideration of ti汜 Insured having paid
or agreed to pay to Paofoong Insurance Co. (H.K.) Ltd. (hereinafter called
the Company) the premium
TI1e Company hereby agree sub」ect to the terms, exceptions and conditions
contained herein or attached hereto or endorsed hereon that if during tl1e
period of insurance stated in the Schedule or during 皿y nrrtl1er period in
respect of w比ch山e Insured shall have paid and the Comp皿y shall have
accepted premium the Insured shall sustain loss or damage or shall incur
liability in the circumst皿ces provided for by this Policy and defined herein
the Company shall indemnify the Insured in the maru1er hereinafter
described
Section 1- Material Damage
TI1e Company shall indemnify the Insured in respect of loss of or damage to
the Insured Property described in the Schedule whilst at tl1e Site during ti汜
period of insurance arising from any cause whatsoever not hereinafter
excluded.
The Company shall not indemnify the Insured in respect of that part of tl1e
Works
1. which has been taken into use or occupation by the Employer from the
time of such ta.king into use
Insuring AgreementIn consideration of the Insured having paid or agreed to pay to PaofoongInsurance Company (Hong Kong) Limited (hereinafter called th...
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