Destruction of Sound Property Clause

DESTRUCTION OF SOUND PROPERTY CLAUSE #

This insurance extends to include the cost of destruction and subsequent replacement of undamaged property or undamaged portions of property and for this purpose, “undamaged” shall mean not damaged physically and directly by an event or peril not otherwise excluded by this Policy if such destruction is solely necessary in order to carry out repairs or reinstatement of the property insured by this Policy and for which the Insurer(s) has admitted liability. Provided that this memorandum shall not include any work necessary to undamaged property to comply with any Act, Regulation or By-Law of any Local or Public Authority.

(D10) Depreciation Of Undamaged Stock

This Policy extend to include loss sustained by the Insured as the result of depreciation of undamaged stock which cannot be processed promptly due to interruption of, or interference with, the Business in consequence of Damage to Property Insured.