<p><span style="font-family:times new roman,serif; font-size:10.0pt">The Policy cover includes such additional cost of reinstatement of the destroyed or damaged sections of the property caused by a contingency insured against as may be incurred solely by reason of the necessity to comply with any Regulations, By-Laws or Statutory Provisions relating to the reinstatement of property provided that:<br />
<br />
1. The amount recoverable under this extension shall not include: </span></p>

<p><span style="font-family:times new roman,serif; font-size:10.0pt">a)the cost in complying with any such Regulations, By-Laws or Statutory Provisions where destruction or damage occurs prior to inception of this clause, or is not insured by this Policy, or where notice to comply has been served upon the Insured prior to the occurrence of any destruction or damage or in respect of any undamaged sections of the property. </span></p>

<p><span style="font-family:times new roman,serif; font-size:10.0pt">b) the additional cost that would have been required to make good the property damaged or destroyed to a condition equal to its condition when new had the necessity to comply with any of the aforesaid Regulations, By-Laws or Statutory Provisions not arisen. </span></p>

<p><span style="font-family:times new roman,serif; font-size:10.0pt">c) Any increased rates, taxes, duties, charges, levies or assessment as a result of complying with such Regulations, By-Laws or Statutory Provisions. </span></p>

<p><span style="font-family:times new roman,serif; font-size:10.0pt">The work of reinstatement must be completed within twelve (12) months of the date of occurrence of any loss or damage or within such further time as permitted otherwise by the Insurer. It may be carried out wholly or partially upon another site, provided that the liability of the Insurer is not increased thereby.</span></p>
