COMPLETED PILES CLAUSE
It is hereby agreed and understood that if the contract value of the completed piles is added to the Sum Insured under the Material Damage Section of this policy , the Insurers will indemnity the Insured for loss of or damage to the completed piles at the site (according to the terms, conditions and exclusions or the attached Piling Construction) whilst held in care , custody or control of the Principal.
Provided that such loss or damage occurs only during the period of construction and not during the maintenance period.