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Order Delivery Insurance Terms and Conditions
Our insurance covers loss of goods on arrival and during transit from Multicolor Gems(multicolour.com) office to your delivery address.
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- Overview
Multicolor Gems (multicolour.com) order delivery insurance covers loss of goods on arrival and during transit from Multicolor Gems (multicolour.com) office (Thailand, Bangkok) to the delivery address and damaged goods on arrival.
- Definitions
"Client": The trader being a company, partnership, sole trader or other organisation or any individual, which undertakes to accept Multicolour Gems Services.
"Services", "Products": rough and faceted gem stones, carved stones, jewelry, equipment, newsletters other gem stone industry related fields.
- Covered Risks
Order delivery insurance covers loss of goods on arrival and during transit from Multicolor Gems (multicolour.com) office (Thailand, Bangkok) to the delivery address and damaged goods on arrival.
- Insurance Cost
1 USD + 1 % of the total goods value
- Claims Policy
Multicolor Gems (multicolour.com) agrees to pay for the loss, damage, destruction or theft of goods bought by the Insured en route anywhere in the world, on water, land or in the air.
- Notice of Loss
If the insured goods shall be lost or damaged through
perils insured against, the Insured shall notify the Company within 7 days.
This Insurance is conditional upon compliance by the Insured with this
clause.
- Settlement of Loss
Any claim recoverable hereunder for loss, damage
and/or destruction shall be adjusted and paid immediately upon presentation
of evidence substantiating such loss, damage and/or destruction, and any
claim recoverable hereunder for lost goods shall be adjusted and paid upon
failure to recover the goods lost after a lapse of 7 days, providing the
Insured shall present documentation substantiating such loss and values
involved.
- Valuation
Multicolor Gems (multicolour.com) shall not be liable beyond the actual cash value
of the goods at the time any loss or damage occurs and the loss or damage
shall be ascertained or estimated according to such actual cash value with
proper deduction for depreciation, however caused, and shall in no event
exceed what it would then cost to replace the same with material of like
kind and quality.
- The Benefits
The following amounts are payable provided all Conditions of the Policy are met:
- Up to the Sum Insured for loss or damage to goods during transit
- Up to the Sum Insured for theft or robbery of goods during transit
- The Exclusions
This Insurance does not cover:
- Any act of war declared or undeclared, armed forces training, invasion,
riot, or civil commotion
- The commission or attempted commission of any criminal/criminal-like act
by the Insured
- Loss or damage caused by wear and tear or deterioration
- Property insured under other insurance
- General Conditions
It is a condition precedent to liability that at the time of application no circumstance is known which might reasonably be expected to prevent goods
arriving at destination.
No claims will be considered unless the original paperwork is provided to the Insurer.
This Insurance is valid only when purchased at time of ordering until
delivery date and receipt of assigned goods has been delivered.
In the event of a claim, the Insured Person hereby consents to the
Company and its Agents obtaining any and all information with respect to
tracing of goods.
The Insured claimant must be able to furnish records for the period prior to the Effective Date of the Insurance. Failure to produce these records may
invalidate claim.
- The Contract
The application, this policy, any document attached to this policy when issued, and any amendment to the contract agreed on in writing after the
policy is issued constitute the entire contract, and no agent has authority
to change the contract or waive any of its provisions.
- Waiver
The insurer is deemed not to have waived any condition of this contract,
either in whole or in part, unless the waiver is clearly expressed in
writing and signed by the insurer.
- Material facts
A statement made by the insured or person insured at the time of application
for this contract must not be used in defence of a claim under or to avoid
this contract unless it is contained in the application or any other written
statements or answers furnished as evidence of insurability.
- Notice and proof of claim
Notice of a claim shall be given in accordance with the claims procedures clause included in this policy as soon as practical but in no case later
than 7 days from the date a claim arises under this policy. You must also
within 7 days from the date the claim arises under this policy furnish such
proof and additional information as is reasonably possible and if required
by the company.
- Failure to give notice or proof
Failure to give notice of claim or furnish proof of claim within the time prescribed by this statutory condition does not invalidate the claim if the
notice or proof is given or furnished as soon as reasonably possible, and in
no event later than 30 days from the date of the contract if it is shown
that it was not reasonably possible to give notice or furnish proof within
the time so prescribed.
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Document Last Revised on : November 28, 2003. 03:37:24 Send questions to: info@multicolour.com.
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