What is Professional Fees (Property) | Insurance glossary by upcover

Professional Fees (Property) cover pays fees charged by architects, surveyors, engineers, and similar professionals. These fees are for work needed to rebuild insured property after an insured event. Insurers usually pay them on top of the sum insured, up to a set limit. This reflects that rebuilding often needs professional design and supervision.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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