Property Investors Protection Plan policy document (PDF)

SECTION 2 Property Investors Protection Plan Policyd) vermin or pests in the Premisese) the closing of the whole or part of thePremises by order of a competent publicauthority consequent upon defect in thedrains or other sanitary arrangements atthe PremisesThe Insurance by this Extension shall onlyapply for the period beginning with theoccurrence of the loss and ending not laterthan three months thereafter during whichthe results of the Business shall be affectedin consequence of the DAMAGENew Business ClauseFor the purpose of any claim arising fromDAMAGE occurring before the completion ofthe first years trading of the Business at thePremises Definitions Annual Rent Receivableand Standard Rent Receivable shall bear thefollowing meanings and not as within statedAnnual Rent ReceivableThe proportional equivalent for a period oftwelve months of the Rent Receivablerealised during the period between thecommencement of the Business and thedate of the DAMAGEStandard Rent ReceivableThe proportional equivalent for a periodequal to the Indemnity Period of the RentReceivable realised during the periodbetween the commencement of theBusiness and the date of the DAMAGETo which adjustments shall be made as maybe necessary to provide for the trend of theBusiness and for variations in or specialcircumstances affecting the Business eitherbefore or after the DAMAGE or which wouldhave affected the Business had theDAMAGE not occurred so that the figuresthus adjusted shall represent as nearly asmay be reasonably practicable the resultswhich but for the DAMAGE would have beenobtained during the relative period afterthe DAMAGEPayments on AccountIn the event of loss the Company will makemonthly payments on account during theIndemnity Period to the Insured if desiredProfessional Accountants andLegal FeesThe Company will indemnify the Insured inrespect of reasonable fees payable bythe Insuredi) to their professional accountants forproducing any particulars or detailscontained in the Insureds business booksor documents or other such proofsinformation or evidence as the Companymay require under the terms of Condition4c) and reporting that such particulars ordetails are in accordance with theInsureds business books or documentsii) to their lawyers for determining theircontractual rights under any Rent cessorclause or insurance break clausecontained in the lease but not for any otherpurposes in the preparation of any claimRent ReviewWhere the Rent Receivable is subject to aRent Review during the Period of Insurancethen the Sum Insured by this Section will beautomatically increased to reflect the revisedRent Receivable earnedExtra premium will not be charged for suchincrease in cover during the Period ofInsurance provided that the Insured shallprior to renewal advise the Company of therevised Rent Receivable for the ensuing yearof insurance22