Common use of Basis of Settlement Clause in Contracts

Basis of Settlement. Zurich will pay the costs actually incurred in rebuilding or repairing any hidden Fixtures or structural parts of Your Home to the same condition and extent as when new.

Basis of Settlement. Zurich will pay the costs actually incurred in rebuilding or repairing any hidden Fixtures or structural parts the Building of Your Home to the same condition and extent as when new. If the property is not repaired or rebuilt, Zurich will only pay You the indemnity value immediately before the loss and the reasonable costs of demolition and removal of debris.