MR 1249 – Special Exclusion: Betterment Exclusion
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SPECIAL EXCLUSION: BETTERMENT EXCLUSION
This endorsement forms part of section 1a and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.
1.1. Clause 9.1. under “Exclusions to section 1a” shall be deleted and replaced by the following wording:
“9.1. any costs rendered necessary to replace, repair or rectify any property which is defective as a result of any fault, defect, error or omission in design, plan or specification, material or workmanship, but should any part of the property insured containing any such defect become lost or damaged, the costs excluded are those which the insured incurred to improve the original design, plan or specification, material or workmanship;”