Each of the NOPs must insure Construction Plant, equipment, tools, facilities, hutments, services, construction aids and the like, belonging to it or under its physical or legal care, custody or control and including its employees' effects whilst on a Site or being mobilised to the Site or being demobilised from a Site, supplied, leased or hired by the NOP for use in connection with the performance of the Works. The insurance effected and maintained pursuant to this clause 2.1 of this Schedule must be:
(a) unless otherwise agreed by the Owner Participant, for the insured property's market value;
(b) extended to include the interest, if any, of the Owner Participant;
(c) against all risks and physical loss or damage arising from any cause which:
(1) occurs during the period commencing on the date of commencement of the Works and ending on the date the NOPs have completed demobilisation from every Site; or
(2) becomes apparent after the Date of Practical Completion (as specified in the Certificate of Practical Completion) and before the date of issue of the Final Certificate provided that the cause has occurred prior to or on the Date of Practical Completion,
and in either case arises out of or in the course of or by reason of the performance or purported performance of the Works.