Reinstatement Value definition

Reinstatement Value means the cost of replacing or reinstating on the same site, property of the same kind or type but not superior to or more extensive than the insured property when new.

Reinstatement Value means intrinsic value of insured property or item less due allowance for betterment, wear and tear and/or depreciation

Reinstatement Value means the cost of replacing or reinstating Glass of the same kind or type but not superior to or more expensive than the Glass when insured.

Examples of Reinstatement Value in a sentence

• Any Reinstatement Value Conditions in the Underlying Policy shall be applicable to this Coupon Policy except insofar as it relates to Motor Vehicles.

• Reinstatement Value represents the replacement value of the asset as New at time of Damage or Loss.

• Each item of the policy (if more than one) to which this Memorandum applies shall be separately subject to the foregoing provision.and the following new Special Provision 6 is incorporated into the Reinstatement Value Clause6.

• For Building, Plant and Machinery, Furniture, Fixture and Fittings and any other contents: Reinstatement Value.

• Reinstatement Value Policy may be extended to cover additional cost of reinstatement solely by reason of the necessity to comply with the regulations of local authority by incorporating the following clause in the policy.

More Definitions of Reinstatement Value

Reinstatement Value the full cost of reinstating the Property including:- (a) temporarily making the Property safe and protecting any adjoining structures; (b) debris removal demolition and site clearance; (c) obtaining planning and any other requisite consents or approvals; (d) complying with the requirements of any Law; (e) architects' surveyors' and other fees incurred by the Tenant in relation to the reinstatement; (f) all construction costs; (g) any VAT chargeable on any of the reinstatement costs (save where the Tenant is able to recover such VAT as an input in relation to supplies made by the Tenant); "Rent" a peppercorn;

Reinstatement Value the cost for the time being at the start of the year of insurance cover in question of reinstating and replacing the Building of which the Demised Premises form part plus a provision to cover the effect of inflation on building costs during the year of insurance and until the Demised Premises have been reinstated together with architects’ surveyors’ and other professional fees and incidental expenses and the costs of demolition and site clearance. “Rent Commencement Date” 1 October 2018.

Reinstatement Value the full cost of reinstating the Property including:- temporarily making the Property safe and protecting any adjoining structures; debris removal demolition and site clearance; obtaining planning and any other requisite consents or approvals; complying with the requirements of any Law; architects' surveyors' and other fees incurred by the Tenant in relation to the reinstatement; all construction costs; any VAT chargeable on any of the reinstatement costs (save where the Tenant is able to recover such VAT as an input in relation to supplies made by the Tenant);

Reinstatement Value means the full cost of reinstating the Premises including:-

Reinstatement Value means the cost of replacing or reinstating property of the similar kind or type but not superior to or more extensive than Your Asset when new.

Reinstatement Value means the cost of replacing or reinstating on the same site with property of the same kind or type but not superior to or more extensive than the insured property when new as on date of the loss, subject to special provisions contained elsewhere in this Policy.

Reinstatement Value means the cost of replacing or reinstating on the same