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Insurance Reinstatement Basis
Insurers provide you with an insurance reinstatement basis policy cover to replace the old with new after a loss.
That is, if after a loss you intend to re-build the premises or to replace damaged machinery with new equipment, this form of cover will enable you to claim in full without deduction for wear, tear and depreciation.
This, however, is subject to the sum insured being adequate.
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Therefore, please click this link to contact us for either your insurance reinstatement basis policy cover needs, any other insurance needs, questions, comments or feedback.
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