Buildings and Contents. Unless otherwise stated the Policy Excess shown in the schedule applies to all claims under this section. Other than 'W hat is not insured', the buildings and contents are insured for the amounts shown in the schedule against loss or damage caused by the events in paragraphs 1 – 11 and paragraph 12 if the cover is shown as included on the schedule.
1. Fire, smoke, lightning, explosion or earthquake. Smoke damage caused by: • agricultural or industrial operations, any gradually operating cause, or smog.
2. Storm or flood. Loss or damage: • caused by frost, subsidence, ground heave or landslip, • to gates, fences or xxxxxx, • due to wear and tear or gradual deterioration. • to roofs constructed with torch-on, mineral or other felt exceeding 10 years of age, We will not pay for the cost of removing any fallen trees or branches unless the tree or branch has caused damage to the buildings.
3. Subsidence or ground heave of the site on which the buildings stand or landslip. Loss or damage in respect of apartment blocks (purpose built or converted). Loss or Damage: • caused by settlement due to building load, bedding down, coastal, lake or river erosion, structural alterations or repairs or demolition, defective design and/or construction, defective or inappropriate foundations and the use of faulty materials, • caused by building on made-up ground or filled-in land, or caused by tunnelling work • to walls, gates, fences, xxxxxx, terraces, patios, drives, paths, tennis hard courts or swimming pools unless liability is admitted under the policy for loss or damage to the home from the same cause occurring at the same time, • to floor slabs unless the foundations beneath the walls are damaged at the same time by the same cause, • to contents unless the home is damaged at the same time by the same cause • associated with such causes arising prior to inception of this policy. Loss or damage if any part of the buildings suffered previous loss or damage by subsidence, ground heave or landslip unless same has been disclosed to and accepted by us. The Subsidence Excess shown on the schedule applies to this cover.
4. Stealing or attempted stealing. Loss or damage: • while any part of the home is lent, let or sub-let, unless entry to or exit from the home is made using violence and force, • caused by a member of the household other than domestic staff. • caused after the home is left unoccupied for more than 30 consecutive days, • while the home is unfurnished.
5. Riot, civi...
Buildings and Contents. Average Clause If at the time of a loss or damage the buildings sum insured is less than the full rebuilding cost of the buildings as defined or if the contents sum insured is less than the cost of replacing all the contents as new after allowing for deterioration of clothing, linen and furs we will pay only for the proportion of the loss or damage which the sum insured bears to such cost. We will autom atic ally reinstate the sum insured from the date of payment of any claim unless we give you written notice to the contrary before pa ym ent. In addition to any other action we ma y take we reserve the right to prop ortionately reduce the amount payable on a claim if you received a premium reduction as a result of providing inaccurate information. We will pay the full cost of repair or reinstatem ent as new of the dam aged part of the buildings provided that the work is done without del ayor at our option we will arrange for the work to be carried out. However, we will deduct an amount for wear and tear if the buildings are in a poor state of repair or decoration. • If it is necessary to make a deduction for wear and tear, then for the purposes of determining whether or not there is underinsurance, the cost of rebuilding as new all the buildings covered by this policy less the deduction for wear and tear will be compared with your actual sum insured. • We will not pay any cost relating to the replacement of, or work on, any undamaged or remaining items which form part of a set, suite, group or collection of articles of a similar nature, colour, pattern or design when the loss or damage is restricted to a clearly identifiable area or to a specific part and replacements cannot be matched. If repair or reinstatement is not carried out (at the request of the insured, which request must be explained and reasonable) we will pay the reduction in market value resulting from the loss or damage, but only up to what it would have cost to rebuild or repair if such work had been carried out without delay. The most we will pay under paragraphs 1 to 12 and ‘Additional Costs’ below is the Buildings sum insured. Additional costs We will pay the nec ess ar y and reasonable expenses that you incur in reinstating the buildings following loss or dam age insured under this section, namely: • fees to architects, surveyors, consulting engineers and others, • the cost of clearing the site and making it and the home safe, • the cost of complying with any government or local authorit...
Buildings and Contents. We offer a comprehensive insurance scheme specifically designed for landlords, which is underwritten by AXA insurance, one of the world’s leading insurers. We may provide you with full details and a quotation at the start of our marketing or management policies you may have negotiated through us come up for renewal we may transfer cover to a different insurer for which we are agent if this policy offers the same cover at a lower price. By signing the Terms of Business, you agree to this change when your policy comes up for renewal.
