Technically, there are 3 categories of Clauses.
1st Category (Premium is charged on inception)
- Escalation Clause (to cater to the subsequent appreciation in value of the subject matter)
- Public Authority Clause (by topping up the SI to cater to the requiremnent of new building by-laws etc)
- Removal of Debris Clause (by topping up the SI to cater to the cost of removing the debris or insured as a separate item)
- Architect , Surveyor & Consultant Fees (by topping up the SI to cater to all professional fees incurred or insured as a separate item)
- Reinstatement Value Clause (by topping up the SI to cater to further increase in the reconstruction cost)
- Contract Price Clause (by topping up the SI to cater to the profit margin for goods manufactured but not delivered)
- Outbuildings Clause (by topping up the SI to cater to ancilliaries like fences, gates, guard post etc)
2nd Category (Premium is charged /refundable upon declaration)
- Capital Addition Clause with minimum SI RM 1.5Mil (declaration to be made within 3 months)
- Stock Declaration Clause (monthly declaration)
- Reinstatement Value-Day One (declaration at the end of 12 months)
- Internal Removal Clause (retospective from the date of removal or oversight)
3rd Category (Free of Charge)
- Other Contents Clause (Limit RM1,000)
- Designation Clause
- Appraisement Clause (5% of SI or RM5,000 the lower of)
- Temporary Removal Clause
- Temporary Storage Clause (Limit RM500,000 up to 60 days)
- Alteration & Repair Clause
- Mortgagee Clause / Automatic Renewal Clause
- Hire Purchase Clause
- Computer Systems Records Clause
- Vehicle Load Clause
