Prudential Home Insurance

D - Settling a claim under Section 1 - Buildings
We will at Our option, either pay for the
amount of the loss or damage, or for the cost
of work carried out in repairing or reinstating
the Buildings.
We will not make a deduction for wear and
tear if repair or reinstatement is carried out,
if You have kept the Buildings in a good state
of repair.
If at the time of the loss or damage the
maximum amount payable shown in
Your Schedule is less than the full cost of
reconstructing the Buildings in the same
form, style, size and condition as new, We
will reduce the amount payable for any
claim by the proportion that the maximum
amount payable bears to the full cost of
reconstructing the Buildings.
The Sum Insured will not be reduced by a
claim payment unless there is a total loss
of the Buildings or We pay the full Sum
Insured.
Amount payable
The maximum amount payable for any one
incident.
Buildings
> If ‘unlimited’ is shown in Your Schedule
under Buildings, We will pay all relevant
costs less any Excess You must pay.
> If a Sum Insured is shown in Your
Schedule under Buildings, We will pay
this amount less any Excess You must
pay.
See the General Conditions in the General
Information Section of Your policy.
18 Prudential Home Insurance