Endorsement 1301 Special insurance cover: extra costs for airfreight

CM insurance – Endorsement 1301
Special insurance cover: extra costs for airfreight



This endorsement forms part of section 1
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

1. Indemnification
1.1. The insurer shall indemnify the insured in respect of reasonable extra costs for airfreight incurred to rectify loss or damage to property insured.
1.2. The indemnity provided by this endorsement shall not exceed during the period of insurance the aggregate limit of indemnity specified below.

2. Deductible
2.1. In respect of each and every occurrence of loss or damage, the insurer shall not be liable for the deductible specified below.

Aggregate limit of indemnity:

Deductible: % of the extra costs, minimum .