Common use of MEASURE OF RECOVERY Clause in Contracts

MEASURE OF RECOVERY. The insurance is limited to loss of “gross rents” sustained due to a. Reduction in gross rents and b. Increase in cost of working and the amount payable shall be:

MEASURE OF RECOVERY. The insurance is limited to loss of “gross rents” sustained due to a. (a) Reduction in gross rents and b. (b) Increase in cost of working and the amount payable shall be: (a) In Respect of Reduction of Gross Rents: The amount by which the gross rents during the indemnity period shall, in consequence of the destruction or damage, fall short of the standard gross rents.