This office lease clause deals with the mandatory obligation of the landlord to rebuild; time periods for reconstruction; continuation of abatement periods; the appropriate "what ifs" in the event portions of the premises cannot be restored and are deemed to be indispensable; and circumstances when the landlord or tenant can elect to terminate the lease.
Georgia Clause Dealing with Fire Damage
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Multi-State
Control #:
US-OL11024A
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Word;
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Following are the 12 perils of the standard fire insurance policy: 1) Perils of Fire: 2) Standard Fire Insurance against Lightning Insurance: 3) Explosion/Implosion: 4) Aircraft Damage: 5) Riot, Strike, Malicious Damage insurance: 7) Impact Damage: 8) Subsidence and Landslide including Rockslide:
Average policy refers to a policy followed in fire insurance which states that the insurance company will only pay the rate able proportion of loss which means that if the sum insured is less than the actual amount of loss then the insurance company will only pay to sum of the assets which were insured and occurred ...
16-7-60 addresses the charge of arson in the first degree.
Fire insurance policies provide payment for the loss of use of the property as a result of a fire. They also often provide additional living expenses if the fire caused uninhabitable conditions. Finally, they provide for damage to personal property and nearby structures.
A type of insurance in which an insurance company agrees to pay for damage caused by fire, or the document in which the details of the insurance are recorded: A building owner who installs a sprinkler system can expect a drop in the cost of a fire policy.
The standard fire policy (SFP) is a basic insurance policy that provides coverage against losses caused by fire. It is a widely recognized and accepted form of insurance, serving as the foundation for fire insurance policies across the industry.
The Standard Fire Policy has four sections: declarations-description and location of property, insured amount, name of insured. insuring agreement-premium amount, obligations of the insured, actions the insured must take in the event of loss and resultant claim.
A fire insurance policy has an average clause mentioned in it which takes care of the cases of under-insurance. If insured the assets in the fire insurance policy, for less than their full value, the insured requires to bear a proportion of the loss ing to the average clause mentioned in the policy document.