建筑、安装工程险投保单(27)

8. the deductibles stated in the schedule to be borne by the insured;

9. loss or damage arising from any other perils not listed in  article

ii of this policy.

      iv. treatment of claim

1. the company shall at its option, indemnify the insured  in  respect

of loss or damage falling within the scope  of  cover  of  the  policy  by

either:

1.1 paying the amount of the actual value  of  the  property  lost  or

damaged or;

1.2 paying the necessary cost of repairing or  restoring  the  damaged

property to its nearest condition immediately preceding the damage or;

1.3 repairing or restoring the damaged property to a condition near to

other property of like kind and quality.

2. indemnity under this policy shall be based upon  the  sound  market

value of the property prevailing at the time of loss. if the sound  market

value of the damaged property is  lower  than  the  sum  insured  of  such

property, the claim shall be settled on its market  value;  if  the  sound

market value of the property is in excess of the sum insured, the  company