General Clauses Applicable to Property Damage Insurance


Alterations and Additions to the Premises In the event that alterations or additions to any Premises insured hereby are effected during the Period of Insurance and are not more specifically insured the following increases in cover shall apply from practical completion of the work until the renewal date immediately following such completion


Item on Buildings


the Declared Value and Sum Insured shall each be increased by a percentage representing the value of the alterations or additions but not exceeding either 20% or £2,000,000 whichever is the less Item on Rent


if the Rent receivable is to increase following completion of the alterations or additions the Sum Insured shall be increased by the anticipated amount of the additional Rent for the Indemnity Period insured but not exceeding either 20% or £500,000 whichever is the less


Automatic Cover - Newly Acquired/Constructed/Refurbished Properties This insurance is extended to include cover for premises [1] [2]


newly acquired by the Insured newly constructed or refurbished


in the United Kingdom to the extent that the Insured’s interest is not protected by any other more specific insurance Provided that [a]


as soon as reasonably practicable the Insured shall notify the Company in writing of each premises acquired/constructed/refurbished and arrange specific cover with the Company


[b] [c] [d]


this cover shall operate for a maximum period of 30 days from the date the Insured acquired their interest in the premises


this insurance shall not apply in respect of any cause or cover otherwise excluded from this Section of the Policy


the Company’s liability any one claim for Buildings and Rent shall not exceed [i]


[ii] [iii] [e]


£1,000,000 any one premises in respect of country mansions or Buildings that are Long Term Unoccupied


£5,000,000 any one premises in respect of Buildings occupied solely for office retail or residential purposes


£5,000,000 any one premises in respect of Buildings occupied for any other purposes


in respect of any premises undergoing or awaiting refurbishment redevelopment renovation or demolition the Alternative Basis of Settlement shall apply in respect of Buildings


Automatic Reinstatement of Sum Insured


In the absence of written notice by the Company or the Insured to the contrary within 30 days of the notification of any Damage the Sums Insured by this insurance will not be reduced by the amount of any loss subject to the Insured paying any appropriate additional premium on the amount of the loss


Contracting Purchaser's Interest


If at the time of any insured Damage the Insured shall have contracted to sell their interest in any Premises insured and the purchase is subsequently completed the purchaser shall be entitled on completion of the purchase to the benefit of this Policy on Buildings and Rent in respect of such Damage to the extent that such Buildings are not otherwise insured by the purchaser or on their behalf without prejudice to the rights and liabilities of the Insured or the Company until completion


In respect of insurance on Rent where Damage has occurred prior to exchange of contracts and the purchase is subsequently completed the purchaser shall be entitled on completion of the purchase to the benefit of the Rent insurance to the same extent as the Insured would have if the Premises had not been sold


Fire Protection Equipment


The Insured shall take all reasonable measures to ensure that [i]


[ii] 24


any sprinkler or alarm installation or other fire protection equipment for which a reduced premium rate is allowed is maintained in efficient working order


the routine tests prescribed by the Company are carried out and any defects revealed by such tests are promptly remedied


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