Liberty Commercial Premises insurance  (Castellano)

    

33 Indemnity clause for damage

 

I. SUMMARY OF LEGAL REGULATIONS

 

2. Excluded risks

 

a. Those that do not give rise to an indemnity according to the Insurance Contracts Act.

 

b. Damage and losses caused to people or things insured by insurance agreements other than those that include an obligatory surcharge in favour of the Insurance Compensation Consortium.

 

c. Those due to inherent faults or defects in the insured object or to an evident lack of adequate maintenance.

 

d. Those caused by armed conflicts, even when no official declaration of war has been made.

 

e. Those derived from nuclear energy, notwithstanding that set forth in (Nuclear Energy) Act (Act 25/1964 of 29 April). Notwithstanding the foregoing, any indirect damages sustained in an insured nuclear plant shall be understood to be included when such damage occurs as a result of an extraordinary event affecting the plant itself.

 

f. Those due to the mere passage of time and, in the case of goods that are fully or partially submerged on a permanent basis, those attributable to the mere action of the waves or ordinary currents.

 

g. Those caused by natural phenomena other than those set forth in Article 1 of the Regulations on Extraordinary Risk Insurance and, in particular, those caused by a rise in the water table, hillside movements, landslides or settlement movements, falling rocks and other similar phenomena, except where these are evidently caused by the action of rain water that simultaneously caused extraordinary floods in the area.

 

h. Those derived from commotions arising during the course of meetings and demonstrations carried out according to that set forth in the General Act of Parliament 9/1983 of 15 July, which regulates the freedom of assembly, as well as during the course of legal strikes, unless said actions can be classified as an extraordinary event pursuant to Article 1 of the Regulations on Extraordinary Risk Insurance.

 

i. Those caused by bad faith on the part of the insured.

 

j. Those derived from accidents that occurred during the waiting period stipulated in Article 8 of the Regulations on Extraordinary Risk Insurance.

 

k. Those occurring prior to payment of the first premium or when, in accordance with that set forth in the Insurance Contracts Act, the cover provided by the Insurance Compensation Consortium has been suspended or the insurance has been terminated due to non-payment of premiums .

 

l. Indirect damages or losses arising from direct or indirect damages, other than the loss of profits as defined in the Regulations on Extraordinary Risk Insurance.

 

In particular, damages or losses sustained as a result of cuts or alterations in the exterior electricity supply, combustible gases, fuel oil, gas oil and other fluids are not covered, nor are any indirect damages or losses other than those set forth in the previous paragraph, even if these alterations are derived from a reason included in the cover of extraordinary risks.

 

m. Accidents that, due to their magnitude or severity, are classified as a catastrophe or national disaster by the Spanish government.

 

 

 

 

3. Deductibles

 

 

 

Sociedad de Agencia de Seguros Vinculada...     Linked insurance agency 

 

Glossaries

 

Liberty Commercial Premises insurance

Important Note

 

Cover summary

 

Information statement

 

Contents

 

Definitions