Insurance of plants and equipments of the Contractor

If insured plants and equipments are lost, destructed or damaged at the result of insured event during the insurance period, the Insurance company will pay to the Insured the market value of this plant and equipment for the moment of lost, damage or destruction of such plant and equipment or compensate for the damage or will reconstruct the insured plant and equipment or its part to the extent of Insurance amount or replace with the same type of plant and equipment.