MR 1307 – Special Insurance Cover: Additional Expenditure other than Increased Cost of Working
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SPECIAL INSURANCE COVER: ADDITIONAL EXPENDITURE OTHER THAN INCREASED COST OF WORKING
This endorsement forms part of section 2
and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.
1.1. The interest insured shall include the additional expenditure specified below, other than increased cost of working, which may be incurred during the indemnity period as a consequence of an indemnifiable interruption of or interference with the business.
1.2. The amount of indemnity payable shall be limited to either
1.2.1. a lump sum payment of
1.2.2. a daily limit of .
2.1. The insurer shall not be liable for 20% of the indemnifiable amount or the deductible specified below, whichever is the greater.
3. Special condition
3.1. This extension is not subject to the application of average.