Sabtu, 04 Mei 2013

DEMOLITION OF DAMAGED PROPERTY

Section 1 of this Policy does not cover Damage to any Property Insured caused by or in connection with or arising from or occasioned through; any order of any government, public or local authority involving the confiscation, nationalization or requisition of or Damage to any property, unless such order involves the demolition of property deemed unsafe following Damage.
The Insurer will extend indemnity for the reasonable cost of removal of Property Insured for the purpose of preventing or diminishing imminent Damage by, or inhibiting the spread of, fire or any other cause not excluded under this Policy, and for Damage resulting from removal carried out in those circumstances;

OPTION 2
Excluded Circumstance 6.1.2 (incorporating its preamble 6.1) is amended to read :

Section 1 of this Policy does not cover Damage to any Property Insured caused by or in connection with or arising from or occasioned through;

6.1.2.    any order of any government, public or local authority involving the confiscation, nationalization or requisition of or Damage to any property, unless such order involves the demolition of property deemed unsafe following Damage not occurring in circumstances which are excluded from cover by Clause 6.
Notwithstanding the provisions of Exclusion 6.1.2, the Insurer will extend indemnity for the reasonable cost of removal of Property Insured for the purpose of preventing or diminishing imminent Damage by, or inhibiting the spread of, fire or any other cause not excluded under this Policy, and for Damage resulting from removal carried out in those circumstances;
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