Kamis, 01 Agustus 2013

Professional Fees Clause


The Insurance by this Section includes in addition an amount in respect of Architects, Surveyors, and Consulting Engineers Fees or other professional fees and normally reimbursable expenses necessarily incurred by the Insured in the reinstatement of the Insured Property consequent upon its loss, destruction or damage but not for preparing any claim, it being understood that the amount payable for such fees shall not exceed that authorised under the scales authorised by the Royal Institute of British Architects, the Royal Institution of Chartered Surveyors, the Association of Consulting Engineers or of the equivalent body in the country of domicile of the professional body concerned but the liability of the Insurer(s) shall not exceed X% of Total Contract Value.
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