Common use of Costs Clause in Contracts

Costs. In connection with insured loss or damage to con- tents or money, insurance shall be afforded in re- spect of: 1 Additional living costs arising from the unavaila- bility for use of the damaged space, as well as loss of earnings from any sublease. Any costs saved shall be deducted from the indemnity. 2 Clearance and waste disposal costs. The costs effectively incurred on clearing the remains of the insured property from the site of the loss and on taking the same to the nearest suitable landfill site, as well as those incurred on dumping, waste dis- posal and destruction.

Appears in 3 contracts

Sources: Insurance Agreement, Insurance Agreement, Insurance Agreement