Institute Yacht Clauses
It will be observed that the underwriters agree to pay pro rata monthly returns if the insurance be cancelled by the operation of Clause 4 (automatic termination), as well as when the insurance is cancelled by agreement. This right is not granted by Clause 22 of the Institute Time Clauses, Hulls, although the wording of the two clauses is identical in all other respects. 24 WAR EXCLUSION
In no case shall this insurance cover loss damage liability or expense caused by 24.1 war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against
a belligerent power 24.2 capture seizure arrest restraint or detainment (barratry and piracy excepted), and the consequences thereof
or any attempt thereat 24.3 derelict mines torpedoes bombs or other derelict weapons of war.