AUTOMATIC INFLATION ADJUSTMENT Sample Clauses

AUTOMATIC INFLATION ADJUSTMENT. The insurance under this policy is extended by increasing the amount of insurance applicable to Building(s) during the policy period by the proportion by which the latest published Statistics Canada Non-Residential Construction Price Indexes have increased since the last Premium Due Date. If the amount of insurance applicable to the Building(s) is changed at the Insured’s request during the policy period, the effective date of this extension is deemed to coincide with the effective date of such change. If this PART insures two or more items, the foregoing will apply separately to each item to which this extension applies. This extension is limited to a maximum recovery as shown on the Declaration Pages in any one occurrence.