European Union and public authorities Sample Clauses

European Union and public authorities. In respect of buildings and contents, we will pay the additional cost of reinstatement of the damaged property insured as may be incurred solely by reason of the necessity to comply with building or other regulations under or framed in pursuance of any Act of Parliament or with bye-laws of any municipal or local authority or European Union directive, provided that: a) the amount recoverable under this clause will not include the cost incurred in complying with any such regulations, bye-laws or directive: i) in respect of damage occurring prior to inception of this policy; ii) in respect of damage not insured by this section; or iii) under which notice has been served upon you prior to the happening of the b) the amount recoverable under this clause will not include the additional cost that would have been required to make good the property damaged to a condition equal to its condition when new had the necessity to comply with any of the aforesaid regulations, bye-laws or directives not arisen; c) the amount recoverable under this clause will not include the amount of any rate, tax, duty, development or other charge or assessment arising out of capital appreciation which may be payable in respect of the property insured or by the owner thereof by reason of compliance with any of the aforesaid regulations, bye-laws or directives; d) if our liability in respect of any item of property insured apart from this clause is reduced by the application of any of the terms and conditions of this policy or this clause, then our liability under this clause in respect of any such property insured will be reduced in like proportion; e) we will have no liability under this clause unless the work of reinstatement is commenced and carried out with reasonable dispatch (which may be carried out upon another site and in any manner suitable to your requirements subject to our liability not being thereby increased); f) the total amount recoverable under this clause in respect of undamaged portions of property insured other than foundations, will not exceed fifteen per cent (15%) of the total amount for which we would have been liable had the building, or contents item been totally destroyed; g) the indemnity provided by this clause shall be included within and not be in addition to the sums insured under each item of property insured shown in the schedule.
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