Property Investors Protection Plan policy document (PDF)

POLICY EXCLUSIONS Property Investors Protection Plan Policy12 In respect of Section 1 – property whichat the time of the happening of DAMAGEis insured by or would but for theexistence of this Policy be insured by anymarine policy or policies except in respectof any excess beyond the amount whichwould have been payable under themarine policy or policies had thisinsurance not been effected13 In respect of Section 1 – any propertymore specifically insured by or on behalfof the Insured14 DAMAGE occasioned by war invasion actof foreign enemy hostilities (whether warbe declared or not) civil war rebellionrevolution insurrection or military orusurped power nationalisationconfiscation requisition seizure ordestruction by the government or anypublic authority15 DAMAGE or any other loss or expensewhatsoever resulting or arising therefromor any consequential loss directly orindirectly caused by or contributed to byor arising froma) ionising radiations or contamination byradioactivity from any nuclear fuel orfrom any nuclear waste from thecombustion of nuclear fuelb) the radioactive toxic explosive or otherhazardous properties of any explosivenuclear assembly or nuclearcomponent thereof16 a) Loss damage cost or expense ofwhatsoever nature directly or indirectlycaused by resulting from or inconnection withi) any act of Terrorism regardless ofany other cause or eventcontributing concurrently or in anyother sequence to the lossii) any action taken in controllingpreventing suppressing or in anyway relating to any act of TerrorismIf the Company alleges that by reason ofthis exclusion any loss damage cost orexpense is not covered by this Section ofthe Policy the burden of proving thecontrary shall be upon the Insured In theevent any portion of this exclusion is foundto be invalid or unenforceable the remaindershall remain in full force and effectDefinition – TerrorismFor the purpose of this exclusion an act ofTerrorism shall mean an act including butnot limited to the use of force or violenceand or threat thereof of any person orgroup(s) of persons where acting alone oron behalf of or in connection with anyorganisation(s) or governments(s)committed for political religious ideologicalor similar purposes including the intentionto influence any government and or put thepublic or any section of the public in fearb) DAMAGE in Northern Irelandoccasioned by or happening through orin consequence directly or indirectly of(i) riot civil commotion and (except inrespect of DAMAGE by fire orexplosion) strikers locked-outworkers or persons taking in partin labour disturbances ormalicious persons(ii) Terrorism as defined in a) above17 a) DAMAGE to any computer or otherequipment or component or system oritem which processes stores transmitsor retrieves data or any part thereofwhether tangible or intangible (includingbut without limitation any information orprograms or software) and whether theproperty of the Insured or not wheresuch DAMAGE is caused byprogramming or operator error Virus orSimilar Mechanism or Hacking32