Page 132 - Binder3
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2.3   European Union and Local Authority Requirements (including Undamaged Property)
                                Subject to the following supplementary conditions this part includes the additional cost of
                                reinstatement incurred solely by reason of the necessity to comply with the stipulations of:

                                a)  European Union legislation
                                b)  building or other regulations under or framed in pursuance of any Act of Parliament or bye-law of
                                   any public authority

                                hereinafter referred to as the ‘Stipulations’ in respect of Damage to the property insured and
                                undamaged portions thereof.

                                We will not pay for:
                                i)  the cost of complying with the Stipulations:

                                   1)  in respect of Damage not insured under this part
                                   2)  under which notice has been served upon you prior to the happening of Damage
                                   3)  for which there is an existing requirement which has to be implemented within a given period
                                ii)  the additional cost that would have been required to make good the property suffering Damage
                                   to a condition equal to its condition when new had the necessity to comply with the Stipulations
                                   not arisen
                                iii)  the amount of any charge or assessment arising out of capital appreciation which may be payable
                                   in respect of the property or by its owner by reason of compliance with the Stipulations.
                                Supplementary Conditions
                                1.  The work of reinstatement must be commenced and carried out without delay and in any case
                                   must be completed within 12 months of the Damage or within such further time as we may allow
                                   during the said 12 months and may be carried out upon another site if the Stipulations so
                                   necessitate subject to our liability not being increased.
                                2.  If our liability under this part apart from this clause is reduced by the application of any of the terms
                                   and conditions of this part then our liability under this clause will be reduced in like proportion.

                                2.4   Expediting Expenses
                                This part includes reasonable costs and expenses necessarily incurred with our consent in effecting
                                temporary repair and of expediting permanent repair including overtime working and the use of rapid
                                transport provided always that the cost does not exceed £5,000.

                                2.5   Own Surrounding Property
                                This part includes Damage to Own Surrounding Property directly resulting from insured Damage to
                                Plant or in the case of Lifting and Handling Plant caused by impact through the normal operation of
                                Plant even though such Plant does not itself suffer Damage excluding Damage to Own Surrounding
                                Property caused by leakage from Plant provided always that the cost does not exceed the limit of
                                indemnity stated in the schedule.

                                2.6   Reinstatement Basis
                                Subject to the following supplementary conditions the basis upon which the amount payable in respect of
                                Plant not more than 2 years old and Own Surrounding Property is to be calculated will be reinstatement.







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