Sabtu, 31 Agustus 2013

REMOVAL OF DEBRIS CLAUSE (10% of TSI and within the Sum Insured)

On first loss basis
(a)    The insurance under this heading is not subject to the Average Clause:
In consideration of the payment of an additional premium this policy extends to indemnify the Insured in respect of :
The cost of removal of debris, demolition and any temporary repairs necessary (including the Insured's legal liability for the cost of removal of debris, demolition, and temporary repairs in regard to adjoining premises, roadways or waterways, as well as on the site) consequent upon the destruction of or damage to any property, insured by the Insured' s Fire Policy (or Policies) occasioned by fire or any other perils thereby insured against.
Provided always :
-    that such cost is not recoverable under any other Policy of Insurance;
-    that the indemnity afforded by this insurance shall not apply to or included liability assumed by the Insured under agreement entered into after the commencing date of this insurance unless such liability would have attached to the Insured in the absence of such agreement.
(b)    Sum insured : within the sum insured
which in no case shall exceed 10% of the total sum insured on building(s) and/or contents.
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