Page 23 - Fire Insurance Ebook IC 57

The Insurance Times

(viii) Expenses incurred on (i) Architects,
Surveyors and Consulting Engineers fees and
(ii) Debris Removal necessarily incurred by the
insured following a loss by an insured peril in
excess of 3% and 1% of the claim amount
respectively.

(ix) Loss of earnings, loss by delay, loss of market
or other consequential/indirect loss or damage
of any kind. The fire policy covers only
material damage. However, some of the
consequential losses can be covered under a
separate consequential loss policy.

Q8. What additional clauses can be added under
the fire policy?

Ans. There are several other clauses that can be added
to the Fire Policy. They are :
(a) Reinstatement Value Clause- this incorporates
the following special provisions
(i) Intimation with the insured's intentions to replace
the damaged property should reach the insurer

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