Property Investors Protection Plan policy document (PDF)

More documents

Recommendations

Info

SECTION 1 Property Investors Protection Plan PolicyDamage to Cables andUnderground PipesThe cost of repairing accidental damage forwhich the Insured is responsible to cablesand underground pipes and drains (and theirinspection covers) on the Property Insured orconnecting them to the public mains subjectto the terms and conditions of the PolicyEuropean Community andPublic AuthoritiesSuch additional cost of reinstatement as maybe incurred solely by reason of the necessityto comply with the Stipulations ofa) European Community Legislation orb) Building or other Regulations under orframed in pursuance of any Act ofParliament or Bye-Laws of any PublicAuthority (hereafter referred to as ‘theStipulations’) in respect of• the lost destroyed or damagedproperty thereby insured• undamaged portions thereofExcludinga) the cost incurred in complying with theStipulationsi) in respect of DAMAGE occurring priorto the granting of this extensionii) in respect of DAMAGE not insured bythis Sectioniii) under which notice has been servedupon the Insured prior to thehappening of the DAMAGEiv) for which there is an existingrequirement which has to beimplemented within agiven periodv) in respect of property entirelyundamaged by any peril herebyinsured againstb) the additional cost that would have beenrequired to make good the property lostdestroyed or damaged to a conditionequal to its condition when new had thenecessity to comply with the Stipulationsnot arisenc) the amount of any charge or assessmentarising out of capital appreciation whichmay be payable in respect of the propertyor by the owner thereof by reason ofcompliance with the StipulationsSpecial Conditions1 The work of reinstatement must becommenced and carried out withoutunreasonable delay and in any case mustbe completed within twelve months afterthe DAMAGE or within such further timeas the Company may allow (during thesaid twelve months) and may be carriedout upon another site (if the Stipulationsso necessitate) subject to the liability ofthe Company under this extension notbeing thereby increased2 If the liability of the Company under (anyitem of) this Section apart from thisextension shall be reduced by theapplication of any of the terms andconditions of the Policy then the liability ofthe Company under this extension (inrespect of any such item) shall bereduced in like proportion3 The total amount recoverable under anyitem of this Section shall not exceed itsSum Insured4 All the terms and conditions of the policyexcept insofar as they are varied herebyshall apply as if they had beenincorporated herein14
Property Investors Protection Plan Policy SECTION 1Extinguishment and AlarmResetting ExpensesThe reasonable costs incurred by theInsured in refilling fire extinguishingappliances replacing used sprinkler headsand resetting fire or intruder alarms as aresult of DAMAGE to the Property InsuredFurther Investigation ExpensesWhere a Building has suffered Damage andin the opinion of a competent constructionprofessional there is a reasonable possibilityof other Damage to portions of the sameBuilding which is not immediately apparentthe Company will pay the reasonable costsincurred by the Insured with the Company’sprior consent in establishing whether or notsuch Damage has occurredThe Company will also pay the reasonablecosts incurred by the Insured in establishingwhether or not other Buildings in the vicinityhave suffered Damage in the same incidentbut only if such Buildings are subsequentlyfound to have suffered such Damage forwhich the Company is liableGlass Breakagea) temporary boarding up following breakageb) the cost of removal or replacement offixtures and fittings in course of thereplacement of the glassc) lettering or other ornamental work andalarm foil on glassPersonal PossessionsDirectors partners customers visitors andEmployees personal effects of everydescription (other than motor vehicles)insofar as they are not otherwise insured foran amount not exceeding £500 in respect ofany one personRemoval of DebrisCosts and expenses necessarily incurredby the Insured with the consent of theCompany ina) removing debrisb) dismantling and/or demolishingc) shoring up or propping of the portions ofthe Property Insuredd) clearing drains sewers and gutters at theProperty Insuredas a result of DAMAGE hereby insured againstThe Company will not pay for any costsor expenses1 incurred in removing debris except fromthe site of such property destroyed ordamaged and the area immediatelyadjacent to such site2 arising from pollution or contamination ofproperty not insured by this SectionThe liability of the Company under thisExtension and this Section in respect of anyitem shall in no case exceed the SumInsured thereby15
Page 1 and 2: PROPERTY INVESTORSPROTECTION PLANYo
Page 3 and 4: Property Investors Protection Plan
Page 13: Property Investors Protection Plan
Page 39 and 40: POLICY CONDITIONS Property Investor
Page 41 and 42: POLICY CONDITIONS Property Investor

Property Investors Protection Plan policy document (PDF)

Create successful ePaper yourself

Delete template?

Save as template?