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4) Loss of Rent Clause:: Non-Manufacturing Premises Only
4) Loss of Rent Clause:: Non-Manufacturing Premises Only
The insurance on rent applies only if (any of) the said building(s) or any part thereof is unfit
for occupation in consequence of its destruction or damage by the perils insured against and
then the amount payable shall not exceed such portion of the sum insured on Rent as the
period necessary for reinstatement bears to the term of the Rent Insured.
ACCOMMODATION
manufacturing risks may be covered under Fire Material Damage policy only on the
following basis:
occupation.
The additional expense recoverable under the policy may be additional rent
actually paid i.e., the difference between the new and the original rent only.
extraneous perils.
The cover may be limited to building f superior and class I construction.
Where loss of rent caused by insured perils is covered, the rate chargeable for the
above cover is the rate applicable to the particular building or premises concerned