In consideration of the payment of an additional premium this policy extends to indemnity the insured in respect of:
The cost of removal of debris, demolition and any temporary repairs necessary (including the insured’s legal liability for the cost of removal of debris, demolition and temporary repairs in regard to adjoining premises, roadways or waterways as well as on the site) consequent upon the destruction of or damage to any property, insured by the insured’s fire policy (or policies) occasioned by fire or any other peril thereby insured against.
- that such cost is not recoverable under any other policy of insurance;
- that the indemnity afforded by this insurance shall not apply to or include liability assumed by the insured under any agreement entered into after the commencing date of this insurance unless such liability would have attached to the insured in the absence of such agreement.
The liability of the company under this clause in respect of any item shall in no case exceed 10% of the sum insured thereby.