A clause in a machinery Insurance contract providing that, in case of loss to a machine consisting of several parts, the Insurer will not be liable for more than the insured value of the part to which loss occurs.
The Rantings of the barely human.
A clause in a machinery Insurance contract providing that, in case of loss to a machine consisting of several parts, the Insurer will not be liable for more than the insured value of the part to which loss occurs.