28Calculating insurance limit under damage policy—the Act, s 149(a)

#### 28 Calculating insurance limit under damage policy—the Act, s 149(a) 28 Calculating insurance limit under damage policy—the Act, s 149(a) > > (1) The minimum amount for which a building must be insured is an amount not less than the sum of the following amounts— > > > > > (a) the estimated cost, as at the date of commencement of the damage policy, of— > > > > > > > (i) carrying out the work that a damage policy is required to provide for under the Act, section 149, and > > > > > > > (ii) making the payments that a damage policy is required to provide for under the Act, section 149, > > > > > (b) the estimated amount by which the estimated cost may increase during the period of 24 months following the date of commencement of the damage policy. > > > (2) The amounts referred to in subsection (1)(a) and (b) must include taxes, fees and charges, including taxes, fees and charges of the Commonwealth, if any.