MR 14018 – Special Insurance Cover: Professional Fees

SPECIAL INSURANCE COVER: PROFESSIONAL FEES #

This endorsement forms part of Section I and is subject otherwise to the terms, provisions, conditions, limitations and exclusions contained in the Policy or endorsed thereon except for the following:

1. Indemnification
   1.1. the Insurer shall indemnify the Insured in respect of professional fees and related costs necessarily incurred to rectify loss of or damage to Property Insured but not for preparing claims.
   1.2. The amount payable for such fees shall not exceed that authorized under the scales of the respective institutions or bodies regulating such charges or the Limit of Indemnity as specified below, whichever is the lower.

   Limit of Indemnity:                         Limit on first loss basis and in the aggregate