[i] [ii] [iii]
do not include legal and local authority costs involved in removing trees costs solely incurred to comply with a preservation order are incurred with the Company’s consent
For the purpose of this clause the Company’s liability shall not exceed £2,500 in respect of any claim and shall be subject to an Insured’s Contribution of £500 Unauthorised Use of Electricity Gas Water or Oil
The Company will pay the cost of electricity gas water or oil for which the Insured are legally responsible arising from its unauthorised use by persons taking possession keeping possession or occupying the Premises without the Insured's authority
It is a condition of this clause that such Premises have been inspected weekly by a responsible person on behalf of the Insured and that all practicable steps are taken to terminate such unauthorised use as soon as it is discovered and not later than 30 days after the unauthorised use commenced
Underinsurance
If at the time of Reinstatement the sum insured by the relative insured item is less than 85% of the insurable amount the amount otherwise payable shall be proportionately reduced
Value Added Tax
The insurance by each item on Buildings extends to include Value Added Tax paid by the Insured which is not subsequently recoverable
Provided that [1]
[a]
the Insured's liability for such tax arises solely as a result of the reinstatement or repair of the Buildings to which such item relates following Damage
[b] the Company has paid or agreed to pay for such Damage
[c] if the payment made by the Company in respect of reinstatement or repair of such damage is less than the actual cost of reinstatement or repair any payment under this clause resulting from the Damage shall be reduced in like proportion
[2] [3] [4] [5]
the Insured's liability for such tax does not arise from the replacement Buildings having greater floor area than or being better or more extensive than the destroyed or damaged Buildings
where the Rebuilding on Another Site option has been exercised the Company's liability under this clause shall not exceed the amount of tax that would have been payable had the Buildings been rebuilt on its original site
the Company's liability under this clause shall not include amounts payable by the Insured as penalties or interest for non-payment or late payment of tax
terms to the contrary elsewhere in this Policy are over-ridden as follows in respect of those items to which this clause applies
[i] [ii]
for the purpose of the Underinsurance Clause rebuilding costs shall be exclusive of Value Added Tax
the liability of the Company may exceed the Sum Insured by an individual item on Buildings or in the whole the total Sum Insured where such excess is solely in respect of Value Added Tax
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