Architects and other professional fees. Professional Fees necessarily and reasonably incurred in the reinstatement or replacement of equipment following indemnifiable loss or damage provided that the total amount payable in respect of such fees does not exceed 15% of the total amount of the claim but shall not include expenses incurred in connection with the preparation of the Participant’s claim.
Architects and other professional fees. The cover under this section includes professional fees (for estimates, plans, specifications, quantities, tenders and supervision) necessarily incurred in the reinstatement or replacement of the property covered following damage by a defined event, but in no case exceeding 15 percent of the amount payable in respect of such damage and provided that the total amount recoverable shall not exceed the sum covered on the property affected. The amount payable in respect of such fees shall not include expenses incurred in connection with the preparation of the participant’s claim. Capital Additions The cover under this section covers alterations, additions and improvements (but not appreciation in value in excess of the sum(s) covered) to the property other than stock and materials in trade for an amount not exceeding 15 percent of the sum covered thereon, it being understood that the participant undertakes to advise the company each quarter of such alterations, additions and improvements and to pay the appropriate additional contribution thereon.
Architects and other professional fees. The agreement is extended to provide cover for Professional Fees necessarily and reasonably incurred in the reinstatement or replacement of equipment following indemnifiable loss or damage provided that the total amount payable in respect of such fees does not exceed 10% (ten percent) of the Sum Covered of the damaged item(s) but shall not include expenses incurred in connection with the preparation of the Participant’s claim.
