Section 2 - Consequential Loss
SECTION DEFINITIONS
1. Sum Insured
The limit of the Company’s liability in respect of any one claim hereunder shall not exceed 20% of the Sum Insured for which Building(s) are insured under Section 1 hereof
Where the Building(s) are insured under Section 1 on a “Day One” Basis the 20% shall apply to the “Declared Value” all as defined in the relevant Endorsement
2. Indemnity Period means
The period beginning with the occurrence of Damage and ending not later than 36 (thirty-six) months thereafter during which time the School Property (or any part thereof) shall be rendered unusable in whole or in part
SECTION INSURING CLAUSE (what is insured)
If the School Property (or any part thereof) becomes unusable the Company will pay any reasonable pecuniary loss or expense incurred by the Insured during the Indemnity Period resulting from such loss of use
SECTION EXTENSIONS
Unless stated to the contrary none of the under noted Extensions shall operate to increase the liability of the Company beyond the Sums Insured set forth in the Schedule and each Extension is subject otherwise to the terms Definitions Exclusions and Conditions of this Section and this Policy
1. Additional Pecuniary Loss or Expense
The Company will also pay any reasonable pecuniary loss or expense as defined in the Section Insuring Clause resulting from (a) Charges payable by the Insured to their professional accountants for producing such particulars or details or any other proofs or information which the Company may require under the terms of General Condition 6 of this Policy
Provided that the liability of the Company under this Extension shall not exceed €25,000 any one claim
| (b) Damage to other property (not belonging to nor the legal responsibility of the Insured) in the vicinity of the School Property preventing or hindering the use of or access to the School Property | ||
| (c) School Property being rendered unusable due to an outbreak of a Notifiable Disease (as defined below) within a radius of 25 miles of the Building(s) |
Notifiable Disease shall mean illness sustained by any person resulting from
| (i) food or drink poisoning or | ||
| (ii) any human infectious or human contagious disease (excluding Acquired Immune Deficiency Syndrome {AIDS} or any AIDS related condition) an outbreak of which the competent local authority has stipulated shall be notified to them | ||
| (d) closure of the Building(s) by order of the local health authority because of defective sanitation vermin or pests | ||
| (e) Damage at any | ||
| (i) generating station or sub-station of the public electricity supply undertaking | ||
| (ii) land based premises of the public gas supply undertaking or of any natural gas producer linked directly therewith | ||
| (iii) water works or pumping stations of the public water supply undertaking | ||
| from which the Insured obtains electric current gas or water for the School | ||
| Provided that | ||
| the liability of the Company under this Extension shall not exceed the Sum Insured or €350,000 any one claim whichever is the less | ||
| (f) any occurrence of murder or suicide at the School Property | ||
2. Payments on Account
Payments on account may be made during the Indemnity Period if requested subject to any necessary adjustment at the termination of such Period
3. Automatic Reinstatement of Sum Insured
Following any loss under this Section the Company will reinstate the Sum Insured without additional premium
SECTION EXCLUSIONS (what is not insured)
This Section does not cover any loss or expense
| 1. Where the School Property is not insured (or where the Company has refused indemnity) under Section 1 | |
| 2. Resulting from an occurrence which is not insured under Section 1 unless stated to the contrary herein |
SEE ALSO GENERAL EXCLUSIONS AND GENERAL CONDITIONS
