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of an ordinance or law that <br />(5) Loss Payment <br />requires demolition of undamaged <br />parts of the same building. <br />(a) The following loss payment <br />Coverage for Loss to the <br />provisions, 5. (b) and (c), are <br />Undamaged Portion of the <br />subject to the apportionment <br />Building is Included within the <br />procedure set forth in Section I. 2. <br />Limit of Insurance shown in the <br />(c) of the coverage. <br />Declarations as applicable to the <br />(b) When there Is a loss in value of <br />covered building. Coverage for <br />an undamaged portion of the <br />Loss to the Undamaged Portion of <br />building to which Coverage for <br />the Building does not increase the <br />Loss to the Undamaged Portion of <br />Limit of Insurance. <br />the building applies, the loss <br />(b) Demolition Cost Coverage <br />payment for that building, <br />With to the building that <br />Including damaged and <br />.respect <br />has sustained covered direct <br />undamaged portions, will be <br />physical damage, we will pay the <br />determined as follows: <br />cost to demolish and clear the <br />(I) If the property is repaired <br />site of the undamaged parts of the <br />or replaced on the same <br />same building, as a consequence <br />or another premises, we <br />of enforcement of an ordinance or <br />will not pay more than the <br />law that requires demolition of <br />lesser of: <br />such undamaged property. <br />(1) The amount you <br />Paragraph E.5.d. Loss Payment <br />actually spend to <br />Property Loss Condition does not apply <br />repair, rebuild or <br />to Demolition Cost Coverage. <br />reconstruct the <br />(c) Increased Cost of Construction <br />building, but not for <br />more than the <br />With respect to the building that has <br />amount it would cost <br />sustained covered direct physical <br />to restore the <br />damage, we will pay the increased <br />building on the same <br />cost to: <br />premises and to the <br />(I) Repair or reconstruct <br />same height, floor <br />damaged portions of that <br />area, style and <br />building; and /or <br />comparable quality <br />(it) Reconstruct or remodel <br />of the original <br />property insured; or <br />undamaged portions of <br />that building, whether or <br />(2) The Limit of <br />not demolition is required; <br />Insurance shown in <br />the Declarations as <br />When the increased cost is a <br />applicable to the <br />consequence of enforcement of the <br />covered building. <br />minimum requirements of the <br />ordinance or law. <br />(ii) If the property is not <br />However: <br />repaired or replaced. We will <br />not pay more than the lesser <br />This coverage applies only if the <br />of: <br />restored or remodeled property is <br />(1) The actual cash <br />intended for similar occupancy as <br />value of the building <br />the current property, unless such <br />at the time of loss; or <br />occupancy is not permitted by zoning <br />or land use ordinance or law. <br />(2) The Limit of <br />Insurance shown In <br />We will not pay for the increased <br />the Declarations as <br />cost of construction if the building is <br />applicable to the <br />not repaired, reconstructed or <br />covered building. <br />remodeled. <br />(c) The most we will pay, for the total <br />Paragraph E.S.d. Loss Payment <br />all covered losses for <br />Property Loss Condition does not <br />D <br />Demolition Cost and Increased <br />apply to the Increased Cost of <br />Cost of Construction is the Limit <br />Construction Coverage. <br />of Insurance shown below.. <br />391.1003 06 09 Includes copyrighted material of Insurance Services Page 14 of 66 <br />17,958 Office, Inc. with Its permission <br />