建筑、安装工程险投保单(28)

of the damaged property bears to its sound market value.  if  the  insured

property enumerated in the schedule is more than one item,  the  provision

of this clause shall apply to each thereof.

3. if a claim for loss of or damage to the insured item is settled  on

a total loss basis, the salvage value of such item shall be deducted  from

the indemnity payable by the company. the  company  may,  at  its  option,

decline the abandonment of any damaged property by the insured.

4. in the event of loss of or damage to  any  equipment  item  insured

forming part of a pair or set, the company shall not be liable in  respect

of each of such item lost or damaged for more than its proportionate  part

of the sum insured on the complete pair or set.

5. in the event of any loss occurrence, the company shall also pay the

insured for the expenses reasonably incurred for taking necessary measures

to minimize loss or damage to the least extent, but in no case shall  such

expenses referred hereto exceed the sum insured of the insured property.

6. upon settlement of a claim, an endorsement shall be issued  by  the

company to reduce the sum insured corresponding to the  property  lost  or