The coverage provided by this Policy in respect of Aircraft applies only whilst it is on the ground
undergoing modification or repair or is being re-built.
The Agreed Value of the Aircraft at the effective date of this endorsement is $ and shall increase as the modification, repair or re-building proceeds; the increases in value shall be determined from the actual cost(s) of part(s) and / or labour as substantiated by invoices presented by the firm or firms undertaking the modification, repair or re-building.
The Insured shall submit the invoices to the Company on a regular basis.
In no event shall the Agreed Value exceed $
All other terms, conditions and limitations remain unaltered.