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INSURANCE CLAUSES FOR LANDSLIDE CONSTRUCTION CONTRACTS WHERE THE AWARDED CONTRACT VALUE DOES NOT EXCEED R150 MILLION, AND THE CONSTRUCTION PERIOD DOES NOT EXCEED 36 MONTHS, AND THE DEFECTS LIABILITY
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Insurance clauses for landside refer to specific provisions within an insurance policy that cover damages or losses resulting from landslide events. These clauses outline the scope of coverage, exclusions, and conditions under which the insurance policy responds to claims related to landslides.
Property owners in areas susceptible to landslides may be required to file insurance clauses for landside, particularly if mandated by local regulations or for securing mortgage loans in high-risk areas.
To fill out insurance clauses for landside, individuals should provide detailed information about the property, specify the risks associated with landslides, and review their coverage limits and exclusions. It is advised to consult with an insurance agent for accurate completion.
The purpose of insurance clauses for landside is to protect property owners from financial losses due to landslides by ensuring that damages are covered under their insurance policy, thus providing peace of mind and financial security.
Information that must be reported on insurance clauses for landside includes the property address, risk assessment of landslides, coverage limits, premium amounts, and any additional endorsements related to landslide coverage.
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