ICW Group - Ordinance or Law – Increased Period of Restoration www.icwgroup.com › earthquake › library › icw-group-dic-ordinanc...
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18 May 2020 · In a typical policy, the period of restoration ends with the earlier of the date when (1) the property at issue should be repaired, rebuilt, or ...
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Period of restoration means that period of time that begins with the date of the direct physical loss of or direct physical damage to covered property and ends ...
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18 May 2009 · Ordinance or Law - Increased Period of Restoration (CP 15 31) redefines the "period of restoration" to include any increase in time necessary to ...
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The “period of restoration” ends with the date when the property at the described premises should be repaired, rebuilt or replaced with reasonable speed and ...
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Extended Period of Indemnity: The day you re-open ends the “period of restoration” however sales will most likely not immediately be what they were prior to ...
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Increased Period of Restoration ... of endorsement CP 04 05, a significant limitation under the Increased Cost of Construction Coverage was eliminated.
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14 Sept 2018 · In response, the insurer contended that the period of restoration should be based on the reasonable time it would have taken the Subcontractor ...
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11 Jan 2018 · When an Ordinance or Law requires the undamaged portion of the building to be demolished and/or results in increased costs of construction, the ...
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The business income endorsement published by the Insurance Service Office (ISO)—as well as some insurer forms—includes a 30-day extended period of restoration ...
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The period of restoration starts on the date of the direct loss and ends when the destroyed or damaged property is restored. Unfortunately, during this period, ...
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9 Jul 2020 · The period of restoration begins when the physical loss or damage occurs; it ends when the property should, with reasonable speed, be repaired ...
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The realities of rebuilding after a loss bring to light a very important consideration. How long will it take? On your insurance policy this is called the ...
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(2) The date when business is resumed at a new permanent location. "Period of restoration" does not include any increased period required due to the enforcement ...
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An extended period of indemnity coverage extends the covered loss period beyond the time required to restore the property. In many cases, businesses don't ...
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