Common use of Basis of Settlement Clause in Contracts

Basis of Settlement. Unless otherwise provided, the Insurer is not liable beyond the actual cash value of the property at the time any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of like kind and quality.

Basis of Settlement. Unless otherwise provided, the Insurer insurer is not liable beyond the actual cash value of the property at the time of any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of materials or like kind and quality.

Basis of Settlement. Unless otherwise provided, the Insurer is not liable beyond the actual cash value of the property at the time any loss or damage occurs and the loss or of damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of or like kind and quality.

Basis of Settlement. Unless otherwise provided, the The Insurer is not liable beyond the actual cash value of the property at the time any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of like kind and quality.

Basis of Settlement. Unless otherwise provided, the Insurer insurer is not liable beyond the actual cash value of the property at the time of any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same sa me with material of materials or like kind and quality.

Basis of Settlement. Unless otherwise provided, the Insurer insurer is not liable beyond the actual cash value of the property at the time of any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of materials or like kind and qualityquality .

Basis of Settlement. Unless otherwise providedprov ided, the Insurer is not liable beyond bey ond the actual cash value v alue of the property at the time any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value v alue with proper deduction for f or depreciation, however howev er caused, and shall in no event ev ent exceed what it would then cost to repair or replace the same with material of like kind and qualityquality .

Basis of Settlement. Unless otherwise provided, the Insurer insurer is not liable beyond the actual cash value of the property at the time of any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of materials o r like kind and quality.