Common use of Additional Time Required Clause in Contracts

Additional Time Required. for Rebuilding due to the Operation of By-Laws: In the case of damage by a peril insured against, the insurance provided by this form extends to insure any increase in loss resulting from or contributed to by, the operation of any by-law, ordinance or law which regulates zoning or the demolition, repair, or construction of damaged buildings or structures, but shall in no way operate to extend the “Indemnity Period”