Common use of INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE Clause in Contracts

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s latest list price.

Appears in 6 contracts

Samples: Standard Non Owned Automobile Policy, Standard Non Owned Automobile Policy, Standard Non Owned Automobile Policy

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INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall insurer is not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall must be ascertained or estimated according to that actual cash value with proper deduction deductions for depreciation, however caused, and shall must not exceed the amount that it would cost to repair or replace the automobile, or any part thereofof the automobile, with material of like similar kind and quality, but, but if any part of the automobile is obsolete and out of stockunavailable, the liability of the Insurer insurer in respect thereof shall be of the automobile is limited to the value of that part at the time of loss or damage, not exceeding the maker’s latest list price.

Appears in 6 contracts

Samples: Transportation Network Automobile Policy, Transportation Network Automobile Policy, Garage Automobile Policy

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s 's latest list price.

Appears in 3 contracts

Samples: Specific Project Wrap Up Liability Insurance, Property Coverage Agreement, Supplementary Non Owned Automobile Liability Policy

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciationdepreciatio n, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s 's latest list price.

Appears in 1 contract

Samples: Specific Project Wrap Up Liability Insurance

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall not be liable for more than that the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, but if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s latest list price.

Appears in 1 contract

Samples: Non Owned Automobile Liability Insurance

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INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the t he loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s 's latest list price.

Appears in 1 contract

Samples: Specific Project Wrap Up Liability Insurance

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s latest list price.

Appears in 1 contract

Samples: Supplementary Non Owned Automobile Liability Insurance

INSURER LIABLE FOR CASH VALUE OF AUTOMOBILE. The Insurer insurer shall not be liable for more than the actual cash value of the automobile at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to that actual cash value with proper deduction for depreciation, however caused, and shall not exceed the amount that it would cost to repair or replace the automobile, or any part thereof, with material of like kind and quality, but, if any part of the automobile is obsolete and out of stock, the liability of the Insurer insurer in respect thereof shall be limited to the value of that part at the time of loss or damage, not exceeding the maker’s makerʼs latest list price.

Appears in 1 contract

Samples: Insurance Agreement

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