FIRE INSURANCE TERMS AND CONDITIONS

• Payment of premium in line with NAICOM’s guideline of no premium no Cover
• The insured shall exercise all reasonable precautions for the maintenance and safety of the property insured under this policy
• Shall give us all such information as we may reasonably require
• Provide particulars of all other insurances, if any for contribution to apply.
• All benefit under the policy shall be forfeited if any claim made is in any respect fraudulent means or fraudulent devices are used.
• The policy shall be voidable by the company in the event of misrepresentation, mis-description or non-disclosure in any material particular by the insured.
• The policy may be terminated at any time by either party in writing in which case the company will retain the customary short period rate for the time the policy has been in force.
• If the property hereby insured shall at the time of any loss be collectively of greater value than the sum insured thereon, average condition will apply.
• If any difference arise as to the amount of any loss or damage (liability being otherwise admitted) such difference shall independently of all other questions be referred to the decision of an arbitrator to be appointed in writing by the parties.
• The insured shall give Immediate notice to the company in an event of claim
• Give notice to the police in the event of deliberate or malicious damage Within 30 days or such further time as the Company may in writing allow deliver to the Company.