It is hereby understood that structural alteration and extension of the buildings mentioned in this policy is allowed, as are the erection of new buildings, installation, reinstallation, replacement of machines, tools implements, piping or other installations required for the process carried on, parts of installation and objects as well as to movement of all these within the premises.
In case of removal or demolition of as insured object this insurance will cover the new items substituting the removed or demolished objects up to the original amount Insured.