<p>The insurance of this policy extends to include additional cost of reinstatement of the destroyed or damaged property hereby insured as may be incurred solely by reason of the necessity to comply with Building or other Regulations under or framed in pursuance of any Ordinance, Law, Statute or with By-Laws of any Municipal or Local Authority provided that:</p>

<ol>
	<li>The amount recoverable under this Extension shall not include:
	<ol style="list-style-type:lower-alpha">
		<li>the cost incurred in complying with any of the aforesaid Regulations or By-Laws;
		<ol start="1" style="list-style-type:lower-roman">
			<li>in respect of destruction, or damage occurring prior to the granting of the extension;</li>
			<li>in respect of destruction or damage not insured by this policy;</li>
			<li>under which notice has been served upon the insured prior to the happening of the destruction or damage;</li>
			<li>in respect of undamaged property or undamaged&nbsp; portions&nbsp; of&nbsp; the property, other&nbsp;than&nbsp;foundation&nbsp;(unless&nbsp;foundations&nbsp;are&nbsp;specifically excluded from&nbsp;the&nbsp;insurance of this&nbsp;policy)&nbsp;of&nbsp;that&nbsp;portion&nbsp;of&nbsp;the&nbsp;property destroyed&nbsp;or&nbsp;damaged.</li>
		</ol>
		</li>
		<li>the&nbsp;additional&nbsp;cost&nbsp;that&nbsp;would&nbsp;have&nbsp;been&nbsp;required&nbsp;to&nbsp;make&nbsp;good&nbsp;the&nbsp;&nbsp;&nbsp; property damaged&nbsp;or&nbsp;destroyed&nbsp;to&nbsp;a&nbsp;condition&nbsp;equal&nbsp;to&nbsp;its&nbsp;&nbsp; conditions&nbsp;when&nbsp;new&nbsp;had&nbsp; the necessity to comply with any of the aforesaid regulations or By-Laws not arisen.</li>
		<li>the amount of any&nbsp;rate, tax,&nbsp;duty, development&nbsp;or&nbsp;other&nbsp;charges&nbsp;or&nbsp;assessment&nbsp;arising out of&nbsp; capital appreciation which may be payable in respect of&nbsp;the&nbsp;property&nbsp;or by the owner&nbsp;thereof&nbsp;by&nbsp;reason&nbsp;of&nbsp;compliance&nbsp;with&nbsp;any&nbsp;of&nbsp;the&nbsp;aforesaid&nbsp;Regulation or By-Laws.</li>
	</ol>
	</li>
	<li>The&nbsp;work&nbsp;of&nbsp;reinstatement&nbsp;must&nbsp;be&nbsp;commenced&nbsp;and&nbsp;carried out with reasonable dispatch and in&nbsp;any&nbsp;case&nbsp;must&nbsp;be&nbsp;commenced&nbsp;within&nbsp;twelve&nbsp;(12) months after the&nbsp;destruction&nbsp;or&nbsp;&nbsp; damage within further time as the Insurer may (during the said twelve months) in writing allow and may be carried out wholly or partially upon another site&nbsp;(if the aforesaid Regulations or By-Laws so necessitate), subject to the liability of&nbsp;the Insurer under this extension not being thereby increased.</li>
	<li>If the liability of Insurer under (Any&nbsp;item&nbsp;of)&nbsp;the policy apart from&nbsp;this extension shall be reduced by the application of the terms and conditions of the policy, then the liability of&nbsp;Insurer under this extension (in respect of any such claim) shall be reduced in like&nbsp;proportion.</li>
	<li>The total amount recoverable under (any item of ) this policy shall not exceed the sum insured thereby.</li>
</ol>

<p>All the conditions of the policy except insofar as they may be hereby expressly varied shall apply as if they had been incorporated therein.</p>

<p><strong>LIMIT for 100% of the cover:&nbsp; P500,000.00 (FIVE HUNDRED THOUSAND PESOS ONLY) any one occurrence &amp; annual aggregate limit</strong></p>

<p>THIS CLAUSE IS VOID AND OF NO FORCE OR EFFECT UNLESS AN AMOUNT IS SPECIED IN PARAGRAPH 2 BELOW</p>

<p>This Policy is amended as set forth below. All other terms and conditions of this Policy remain unchanged and continue to apply with full force and effect.</p>

<p>Nothing contained in this Clause shall override any radioactive contamination exclusion or, except as set forth herein, the foregoing Seepage and/or Pollution and/or Contamination Exclusion Clause. The inclusion of this Clause shall in no event increase the Limit of Liability of Underwriters under this Policy or any other endorsement applicable to this Policy.</p>

<ol start="1" style="list-style-type:decimal">
	<li>If
	<ol style="list-style-type:lower-alpha">
		<li>any of the perils listed below is the sole, immediate and direct cause of physical damage to property insured by this Policy against such listed peril (hereinafter in this Clause referred to as &ldquo;Original Damage&rdquo;); and</li>
		<li>the Original Damage is the sole, immediate and direct cause of seepage onto, and/or pollution and/or contamination of property which is:
		<ol start="1" style="list-style-type:lower-roman">
			<li>at the same premises as the Original Damage; and</li>
			<li>insured by this Policy against the listed peril causing the Original Damage; and</li>
		</ol>
		</li>
		<li>said property is damaged thereby (hereinafter in this Clause referred to as &ldquo;Resulting Damage&rdquo;);</li>
	</ol>
	</li>
</ol>

<p>then this Policy, subject to the following additional terms and limitations and the method of calculation in Clause VI of this Endorsement, also insures:</p>

<ol>
	<li>the Resulting Damage; and</li>
	<li>the reasonable and necessary expense incurred by the Assured for debris removal and/or clean up which is:​
	<ol start="1" style="list-style-type:lower-alpha">
		<li>limited to the same premises as the Original Damage; and</li>
		<li>made necessary solely by the Resulting Damage;</li>
	</ol>
	</li>
</ol>

<p>but which shall in no event include any expense of clean up removal of land, water or air (which Resulting Damage and expense of debris removal and/or clean up, hereinafter in this Clause are referred to as &ldquo;Resulting Loss&rdquo;);</p>

<p>Provided however, that this Policy only insures the Resulting Loss where:</p>

<ol start="1" style="list-style-type: decimal;">
	<li>Underwriters have agreed to pay for the Original Damage or, but for the operation of a deductible or underlying amount, would have agreed to pay for the Original Damage; and</li>
	<li>Within one year of the commencement of the listed peril which caused the Original Damage, the Assured became aware and advised Underwriters of the amount of:
	<ol start="1" style="list-style-type: lower-alpha;">
		<li>the Resulting Loss; and</li>
		<li>any other interest to be claimed under this Policy as a result of the Resulting Damage, whether physical damage, business interruption, extra expense or otherwise.
		<ul>
			<li><em>Listed Perils</em>
			<ul style="list-style-type:circle">
				<li>Fire,<em>​</em></li>
				<li>Lightning,</li>
				<li>Earthquake,</li>
				<li>Typhoon,</li>
				<li>Flood,</li>
				<li>Explosion,</li>
				<li>Machinery Breakdown,</li>
				<li>Riot, Strike &amp; Malicious Damage</li>
				<li>Employee Negligence</li>
			</ul>
			</li>
		</ul>
		</li>
	</ol>
	</li>
</ol>

<p>Nothing in this Clause, however, shall extend this Policy to cover any condition that existed prior to the Original Damage nor to insure any loss, damage, cost, expense, fine, penalty, or other sum which is incurred, sustained or imposed by, or by the threat of, any judgment, order, direction, instruction or request of, or any agreement with, any court, government agency, any public, civil or military authority or any other person (and whether or not as a result of public or private litigation) in connection with any kid of seepage or any kind of pollution and/or contamination from any cause.</p>
