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1. PROPERTY COVERED: Household Goods and Personal Effects,
Antiques, Fine Arts, Automobiles, Boats, Motorcycles, Campers and Trailers as
declared and valued on this and supporting Documents.
2. SCOPE OF COVER: Always subject to the due premium
having been paid and the funds collected and subject to all terms and
conditions of the All Risk Protection Group Policy - new and/or used
household goods and personal effects, under deck, are covered against ALL
RISK of direct physical loss or damage from any external cause, irrespective
of percentage (Current American Institute Cargo Clauses, including "War
Risk" Insurance and S.R. & C.C.Endorsement Warehouse to Warehouse
Transit Clauses and Marine Extension clauses), including General Average and
Salvage Charges, and transshipment, if involved. Shipments on deck and subject to an "On Deck" Bill of
Lading are covered for FPA coverage only.
Containerized shipments on deck are covered per under deck "All
Risk" clauses.
3. METHOD OF TRANSIT: Per approved vessel and/or steamer
and/or air carrier and/or held covered and/or conveyances. Date of dispatch
to be declared as soon as practicable to Insurer of the All Risk Protection
Group Policy or its representative with the following details: name of
vessel, voyage number, date of sailing and/or date of arrival.
4. FREIGHT FORWARDER NOT INSURANCE AGENT: Santa
Fe is the owner of the All Risk Protection Group Policy, and is not an agent
of the Underwriters of the policy.
There is no separate policy between the covered person and the
Underwriters. Santa Fe is not authorized
to make any representation what so ever concerning coverage under the All
Risk Protection Group Policy. All questions concerning coverage shall be
directed exclusively to the lead Underwriter, Fortis Corporate Insurance
N.V., or the administrator of the policy,
Pac Global Insurance Brokerage, Inc.
5. R.A.C.E. CLAUSE: This coverage is subject also to the
Current London Institute Radioactive Contamination Exclusion Clause and related
U.S.A. Endorsement.
6. TERRITORIAL CONDITIONS:
A. Coverage
is to apply from such time as packing shall commence at origin residence and
be continuous during normal course of transit until unpacking is completed at
destination residence provided that all other Terms and Conditions of the All Risk Protection Group Policy are
met.
B. Coverage
at warehouse of country of origin is provided for up to 90 days, and for up
to 90 days after arrival at warehouse of final destination is provided,
warranted that the property is stored in enclosed protected warehouses.
Coverage for local moves and local office moves exclude any storage coverage
unless specifically purchased by shipper.
C. Storage
coverage extension may be granted subject to prior notice and payment of
additional premiums to the Underwriters as per the Storage Coverage Extension
Form, forming part of this Policy.
Extension is subject to approval and validation by the Underwriters.
7.
CONDITIONS AND
EXCLUSIONS
A. 100% Co-Insurance Clause: The applicant shall at all times
maintain coverage on 100% value of his shipment to the extent of the
replacement cost at destination (replacement value at today's replacement
cost), at the time of loss or damage and failure to do so, the covered person
shall to the extent of such deficit, bear his or their proportion of any loss
or damage including labor charges.
B. Valuation Clause: The personal and
household effects covered hereunder must be valued at the replacement cost at
destination as supported by a complete valued inventory or at a minimum of
US$2,750.00 per cubic metre. Coverage requires that high valued items be
specifically declared and valued. The settlement based on full replacement
value coverage will be the lesser of repair cost/replacement value or as
stated on the valued inventory. The Underwriters reserve the right to replace
the damaged or missing items of like kind and quality.
C. Agreed Value Clause:
Notwithstanding anything to the contrary herein, it is hereby declared and
agreed that in case of a claim arising in respect of all or any item or items
appearing on the enrolment form, the value reflected against such item or
items shall not be regarded as and agreed value between the Underwriters and
the Applicant, notwithstanding that an Enrolment Certificate has been issued
in respect of the total amount or amounts of suchenrolment form. The actual
value and amount recoverable in respect of each and every item lost or
damaged will have to be provided by the Applicant to the Underwriters - the
maximum amount recoverable being the sum covered or the replacement value at
destination, whichever is the lower.
D. High Value Items Clause: High value items and/or items not normally
shipped in a household goods shipment and valued at over US$1,500 per item or
set must be specifically declared and valued prior to issuance of the
Enrolment Certificate. Failure to
comply with the requirements will limit recovery to a maximum of US$1,500 per
item or set. High Value Items are
defined as, but not limited to the following: Antiques, objects of art, valuable carpets, china, crystals, jewelry,
silver and gold items, firearms, collection of records, tapes, pictures,
paintings and other like goods.
E. Pairs and Sets Clause: In the event
of loss or damage recoverable to any item or items forming part of pair or
set the indemnity afforded by this All Risk Protection Group Policy shall be
limited to the reasonable and fair reduction in value of the pair or set by
reason of the loss or damage to the affected items having regard to the
importance of the affected items within the pair or set. All the articles
constituting the pair or set shall, at Underwriters option, become their
property in the event that the Underwriters agree to pay the total loss of
the pair or entire set.
F. Repair and Replacement Clause:
The Underwriters shall be entitled at its sole option to replace, with like
kind and quality, or repair any article damaged (whether wholly or in part),
or to pay cash, in any event not exceeding the covered value thereof. Always provided that in the event of
replacement or cash payment for actual or constructive total damage, the item
is surrendered to and becomes the property of the Underwriters. Underwriters may require proof of
ownership and/or value of any items claimed missing
or damaged.
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G. Depreciation: Underwriters
liability is restricted to the reasonable cost of repair and no claim is to
attach hereto for depreciation consequent thereon.
H. General Average and Salvage Charges:
General Average and Salvage Charges payable as provided in the contract of
airfreightment. For the purpose of claims for general average contribution
and salvage charges recoverable hereunder the subject matter covered shall be
deemed to be covered for its full contributory value. General average
deposits only payable on General Average deposits receipts.
I. Other Insurance: The All Risk
Protection Group Policy does not cover to the extent of any other insurance,
whether prior to subsequent hereto in date and by whomsoever effected
directly or indirectly covering the same property, and the Underwriters shall
be liable for loss or damage only for the excess value beyond the amount due
from such other insurance.
J. EXCLUSIONS:
i.
Marring, scratching,
chipping and denting of used electrical appliances and used furniture. This exclusion will be deleted if a
"Statement of Condition" is reflected on the packing list or
assured's inventory list signed by both the mover's agent and the Applicant.
ii.
Loss or damage due to mechanical,
electric or electronic derangement if the covered items are under a
manufacturer's warranty. Further, if the covered items exceed six years of
age, and are not professionally packed by the
movers.
iii.
Loss or damage due to
seizure or confiscation by authorities, consequential loss or damage.
iv. Owner Packed Effects - breakage's, scratching, denting, marring,
chipping, staining, and tearing owner packed effects, including
trunks, suitcases and the like. Also,
excluding claims for missing items.
v. Jewelry
unless declared and valued but subject to a limit of US$5,000 any one transit
unless prior written acceptance has been received from the Underwriters.
Cash, notes, stamps, coins, deeds, tickets, traveler's cheques, watches,
trinkets or similar valuable articles, furs, wine and liquors are excluded.
8.
AUTOMOBILES,
MOTORCYCLES OR MOBILE HOMES
Coverage
is to apply for the time the vehicle is given into the custody of the freight
forwarder or steamship company, for up to 90 days whilst stored at warehouse
of origin, and continues until the vehicle is delivered to the point of final
destination, and whilst stored for up to 90 days only at the warehouse of
destination, always provided that it is not operated on public or private
roads under its own power for the whole period defined above UNLESS:
Operation
under its own power occurs for distances not exceeding 10 statute miles
during transit between conveyances.
Operation
under own power occurs whilst on premises of loading or unloading port and
subject to the following exclusions/conditions:
A. Vehicle
to be loaded on board vessel in strict compliance with all safety measures of
carriage.
B. Excluding
all third party risks whist being driven under own power and this coverage does
not extend to any damages, injury or liability to third party under any law
requiring vehicles to be covered against third party risks or liability.
C. Scratching,
denting or marring of automobile or motorcycle or mobile home unless the
freight forwarder and the owner of the automobile or motorcycle or mobile
home both agree and sign a "Certificate of Condition", or a similar
document, stating the condition of the automobile or motorcycle or mobile
home at the time the same entered the custody of the freight forwarder or
steamship company, noting all defects, if any.
D. Coverage
in respect of non-factory installed accessories or removable items on
automobile or motorcycle or mobile home unless specified.
E. Any
coverage whilst on deck specifically excluded: Apart of the specific
conditions mentioned above, coverage in respect to automobiles, motorcycles
or mobile homes is subject to the general terms and conditions of the All
Risk Protection Group Policy, where they do not conflict with the specific
conditions.
9. PROCEDURE OF CLAIM:
There are definite time
limitations for claim submission, review the Claims Reporting Procedure Form
attached to this Enrolment Certificate. Immediate notice must be given to
either Santa Fe or the policy administrator, Pac
Global Insurance Brokerage, Inc. Failure to give notice to Santa Fe or Pac
Global Insurance Brokerage, Inc. within 30 days after delivery of the
shipment will void coverage. Further it is mandatory for all supporting
documents to be provided in a timely fashion not to exceed 60 days from the
first notice.
10. APPORTION VALUE CLAUSE: Where the
subject matter covered is under one valuation, for the purpose of loss
assessing, Underwriters reserve the right to apportion the value over each
item and then over each quantity.
11. DEDUCTIBLE CLAUSE: This All Risk
Protection Group Policy is subject to a nil deductible.
12.
ARBITRATION: All disputes hereunder under the
All Risk Protection Group Policy shall be resolved in binding arbitration
before the American Arbitration Association at Los Angeles, California and no
other place.
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