Clause 24. Security cover grant: Amount

24

Security cover grant: Amount

(1)

The amount of a security cover grant must not exceed the lesser of-

(a)

the amount of the liability referred to in clause 25 (1)(c); and

(b)

the amount equivalent to 4 weeks' accommodation costs in respect of which security cover was granted, calculated at the rate of accommodation costs payable at the commencement of the accommodation agreement.

(2)

The applicant's liability under this clause is limited if the property is insured against destruction or damage, to the amount of the applicable excess under the insurance, unless the excess is more than the damage.