Cover

What is covered

What is not covered

Accidental Damage to Your Buildings

• The Excess stated on Your Statement of Insurance.
• Loss or damage arising from
  • anything specifically excluded under "Part A - Standard Cover" of this section
  • frost
  • wear or tear, rust, corrosion or gradually developing deterioration of the Buildings
  • structural alteration, repair, maintenance, decoration, restoration, dismantling, demolition, renovation or breakdown
  • anything specifically covered elsewhere in this Policy
  • any process of cleaning, drying, dyeing, heating or washing
  • faulty design or workmanship or the use of faulty materials
  • movement, settlement or shrinkage of the Buildings
  • gradually operating causes
  • insects, parasites or vermin
  • corrosion, fungus, mildew or rot
  • atmospheric or climatic conditions or the action of light

What is covered

What is the most We will pay?

We will repair, reinstate or replace the lost or damaged property or, at Our option, pay in cash the amount of the loss or damage

If repair or reinstatement is not carried out, We will pay the reduction in value resulting from the damage, but only up to the amount it would have cost to rebuild or repair, if such work had been carried out without delay

We will also pay

• fees to architects, surveyors, consulting engineers and legal fees which You have to pay with Our consent to reinstate the Buildings
• the cost of removal of debris

We will automatically reinstate the Sum Insured under "Section 1 - Cover For Your Buildings" from the date of payment of the claim.

• We will not pay more in total than the Sum Insured shown on Your Statement of Insurance for any one claim after deduction of the Excess in any Period of Insurance
• We will not pay more than the value shown under "What is not covered" for
  • Temporary Accommodation (£2000)
  • Liability as Owner of the Buildings (£2,000,000)
  • Loss of Rent (20% of the Buildings Sum Insured)
• We will deduct an amount for wear and tear if the Buildings are in a poor state of repair or decoration
• The costs or fees for preparing or handling any claim under this section.
• Costs in respect of undamaged parts of the Building, except the foundations of the damaged parts