Iran nsurance Co.
CONTRACTOR ALL RISK POLICY SCHEDULE
ABU DHABI BRANCH Rep Code: MEHWISH R
Attached to and forming part of p·rinted policy wording
Policy No · 501/AD/CAR/21/000136
Insured Code · 207314934
Insured Name : Princioal(s) M/S. CONCORDIA DMCC AS PRINCIPAL &/ OF M/S.
ALKHAYAM ALMALAKY CONTRACITNG LLC. AS MAIN
CONTRACTOR &/ OR AS SUB-CONTRACTORS FOR THEIR
RESPECTIVERIGHTS AND INTERESTS.
: Proi. consult-
: Contractors{ s )-
and /or their Sub Contractor for their respective rights and interests.
Insured Address: : PO BOX: 90082, Dubai, UAE, 050-1449902 04-3430789
0501449902
Contract/Construction Site : MS Area JLT, Dubai, UAE
Description/Scope of Contract : Fire Hydrant Paintwork at MS Area
Date of Proposal & Declration : 24-Oct-2022
Premium As Agreed
Section I - Material Damage:
- - -- - ------ - - -- -
Insured Items Sum Insured (AED) Deductible
1. Contract Work(Permanent and Temporary Works,
including all Materials to be in-corporated therein)
Contract Price 160,000.00 As detailed
hereinafter
Total Estimated Contract Value 160,000.00 I
Total Sum Insured under Section I: 160,000.00
I Special Limits of Indemnity for specified Risks: Limits of lndemnitv* Deductibles
*Limit of indemnity in respect of each and every loss or damage and/or series of losses or damages arising out of
any one event
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•••
Policy No. 501/AD/CAR/ /000136 Page 1 of 3
I R g st red t e Insurance Compan es
Iran Insurance Co.
Section II - Third Partv Liabilitv: Limits of lndemnitv* Deductibles
1 Anv One Event As detailed hereinafter
1.2 Bodily Injury
1.3 Any One Person
1.4 TP Property Damage
Combined Single Lin1it
Total Combined Aggregate Limit 3,000,000.00
Period of Insurance as detailed herein below : from 26-Apr-2021 To 26-Jul-2021
From To Period (Davs)
-- ---
Pre Storage Period
Contract Work 24-Oct-2022 92
I 24-Jan-2023
Testing Period
Maintenance Period (MD)
Maintenance Period (TP)
Incorporated in this Policy is Questionnaire /Quotation. The Following end:orsements are attached to and forming
part of this policy
1.3 TP Property Damage
Subject to no known or reported loss or damage till 24/01/2023.
WARRANTED THAT THE ENTIRE PLOT TO BE FENCED BEFORE THE COMMENCEMENT OF WORK.
WARRANTED THAT NO WELDING WORKS ALLOWED INSIDE THE PREMISES WITHOUT THE PERMISSION OF Concordia
MANAGEMENT AND SHOULD BE UNDER STRICT SUPERVISION.
PROTECTION OF MATERIALS CONDITION
Visits Maintenance 12 Months
TERRORISM EXCLUSION CLAUSE
Cross Liability
Subiect to Deductible of:
10°/o of the claim amount with a minimum of AED 10,000/-on each and every loss except claims arising out of storms.
Claims arising out of storrns followed by heavy wind
· s the deductible II be 10 °/o of the claim amount with a
/., .__
minimum of AED20,000/- on each and every loss. , ,
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Policy No. 501/AD/CAR/ ----..i 36 � ,_.i1 c.:>IT:IC\O.!! Page 2 of 3
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Iran Insurance Co.
This Policy is subject to Terms and Conditions ,Exclusions and Provisions of attached printed "Contractor All
Risk Policy" wording, and additional aforesaid Conditions, Clauses, Warra·nties, Deductibles and Exclusions
upto specified Sums Insured an,d / or Limits of Liability/ Indemnityas described herein above in this Policy
Schedule.
In Witness whereof the Undersigned being duly authorized bythe the Insured and on behalf of the Insurer
has / have hereunto set his/their hand(s).
Signed on behalf of IRAN INSURANCE COMPANY
On this day of 24 /10/ 2022
C:J I f:ltuJ.!!
Policy No. 501/AD/CAR/21/000136 Page 3 of 3
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