Common use of Buildings Insurance Clause in Contracts

Buildings Insurance. Each Property is insured (from the date of completion of the relevant Loan): (a) under the Third Party Buildings Policies; (b) against all risks usually covered by a Reasonable, Prudent Mortgage Lender in England and Wales and Scotland, advancing money on the security of residential property; and (c) to an amount not less than the full reinstatement cost as determined by the relevant valuer.

Buildings Insurance. Each Property is insured (from the date of completion of the relevant Loan): (a) under the Third Party Buildings Policies; (b) against all risks usually covered by a Reasonable, Prudent Mortgage Lender in England and Wales and ScotlandWales, advancing money on the security of residential property; and (c) to an amount not less than the full reinstatement cost as determined by the relevant valuer.

Buildings Insurance. Each Property is insured (from the date of completion of the relevant Loan): (a) under the Third Party Buildings Policies; (b) against all risks usually covered by a Reasonable, Prudent Mortgage Lender in England and Wales Wales, Scotland and ScotlandNorthern Ireland, advancing money on the security of residential property; and (c) to an amount not less than the full reinstatement cost as determined by the relevant valuer.