On payment of additional premium it is permissible to cover cost necessarily incurred by insured in the removal of debris from the premises of the insured, dismantling, demolishing, shoring up or propping of the insured property following destruction or damage by insured peril subject to a maximum limit of Rs. As specified.
Tag: RAW
Removal of debris clause
Property insurance clause extending cover to include costs of clearing away debris, dismantling, shoring and propping up following insured damage. Sums insured are normally increased by 5-7.5 per cent to allow for these expenses.
Removal of Wreck
A ship-owner has an insurable interest in the likely expenses for removal of wreck.
Removal or weakening of support accorded to land or buildings
A construction industry and civil engineering risk which will generally constitute a nuisance (Bower v. Peate (1876)) making the creator or person who authorised the nuisance liable for the damage without proof of negligence. See JCT 21.2.1 NONNEGLIGENT COVER; COLLAPSE INSURANCE.
Remuneration
Act of paying or compensating for medical services given to a patient.
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UK: Total payments from the employer for the year assessable as income under Schedule E but excluding anything arising from the acquisition/disposal of shares or interest in shares. In regard to Class A members any pay in excess of the earnings cap will be disregarded in assessing allowable contributions to approved pension schemes.
Renal transplant center
Hospital unit that is approved to furnish transplantation and other medical and surgical specialty services directly for the care of end-stage renal disease (ESRD) transplant patients including inpatient dialysis furnished directly or under arrangement.
Renew
To continue, to replace, as with a new policy.
Renewable and convertible term insurance
Type of life insurance that offers the insured the option to renew the coverage at the end of the term period and the option to convert to a permanent basis.
Renewable at company option
Provision in an insurance policy that gives the insurance company the right to stop insuring the individual. If the insured is receiving benefits under the policy, he or she cannot be cut off in the midst of an illness or accident.
Renewable at Insurer’s Option
In health insurance a continuance provision that reserves to the insurer the right to refuse to renew the contract.