Schedule 1 Insurance and premiums subject to contribution

Schedule 1 Insurance and premiums subject to contribution

| Column 1 | Column 2 | | Classes of policies of insurance | Relevant proportion | | Part A | | | | 1 | Any insurance of property including consequential loss but not including any insurance of a class specified elsewhere in this Schedule | 80% | | 2 | Houseowners and householders, however designated (buildings or contents or both) | 50% | | Part B | | | | 3 | Personal combined on personal jewellery and clothing, personal effects and works of art | 10% | | 4 | Motor vehicle and motor cycle | 2.5% | | 5 | Marine and baggage—any insurance confined to maritime perils or confined to risks involving transportation on land or in the air, including storage incidental to transportation by sea, land or air, but not including static risks* (which are to be declared under Item 1)[*static risks includes all movements of goods and/or stock and/or material associated with processing or storage operations at any situation.] | 1% | | 6 | (a) Combined fire and hail on growing crops | 1% | | | (b) Livestock | 1% | | 7 | Aviation hull | Nil | | 8 | Any insurance solely covering— | | | | (a) Loss by theft | Nil | | | (b) Plate glass | Nil | | | (c) Machinery—confined to mechanical breakdown and/or consequential loss arising from mechanical breakdown | Nil | | | (d) Explosion or collapse of boiler and pressure vessels—confined to damage other than by fire | Nil | | | (e) Inherent or latent defects—confined to damage and/or consequential loss arising out of defective design, defective workmanship or defective materials but excluding any damage or consequential loss from fire | Nil |