A provision that excludes liability for costs incurred in demolishing undamaged property, often necessitated by building ordinances requiring that structures must be demolished after a certain degree of damage has been sustained.
Tag: RAW
Demolition clause (Property Insurance)
A clause that prohibits liability for costs incurred by demolishing property that is not damaged. This is frequently done due to building ordinances that require demolition of structures after they suffer a certain amount of damage.
Demolition coverage
when a building is damaged beyond a certain point, local building codes may direct that the structure be razed. iNSURANCE to cover This exposure (and the lost value of the undamaged but newly razed part) can and clearly should be arranged whenever it exists. part of property policies.
Demolition Insurance
Insurance written to cover the cost of demolition excluded by a demolition clause. It may be endorsed to Property Insurance for an additional premium.
Demolition insurance (Property Insurance)
Insurance that covers the charges stemming from or for demolition that are not covered under a demolition clause. This can also refer to insurance that covers the cost of demolition in case of a peril that causes the building to require demolition; for example, a fire.
Demolition Value
The value of property sold as only fit for demolition.
Demonstration and tuition
An extension in motor traders’ road risks policies to include driving of the trader’s vehicles by prospective customers and persons undergoing driving tuition.
Demonstrations
Projects and contracts that Centers for Medicare and Medicaid Services (CMS) has signed with various health care organizations. These contracts allow CMS to test various or specific attributes such as payment methodologies, preventive care, and social care and to determine if such projects/pilots should be continued or expanded to meet the health care needs of the nation. Demonstrations are used to evaluate the effects and impact of various health care initiatives and the cost implications to the public.
Demurrage
1. A penalty or storage charge for cargo or containers held beyond the allowed number of free days at a warehouse due to late collection. 2. The liquidated damages payable to the shipowner if the lay days allowed by the charter party for loading or discharging are exceeded. 3. Loss of hire or use of ship following collision damage. See DETENTION.
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Penalty levied against cargo that is held beyond the generally allowed number of days “free time” of storage, or against a vessel at port of loading or discharge longer than agreed.
Demurrer
A pleading filed in response to a complaint or lawsuit. The demurrer assumes that everything alleged in the complaint is true and contents that even if the plaintiff proves everything he claims true, he will still lose the suit. Although demurrers are often sustained the court will usually allow the plaintiff the opportunity to amend the complaint to make it better.