Loss Settlement Terms Sample Clauses

Loss Settlement Terms. Subject to items 1., 2., 4., 5., 6., 7., and 8. under How Much We Pay, "we" pay the lesser of: a. the amount determined under Valuation Of Property Losses; b. the cost to repair, replace, or rebuild the property with materials of like kind and quality to the extent practicable; or c. the "limit" that applies to covered property.

Loss Settlement Terms. Subject to the “terms” shown above, “we” settle losses according to the Replacement Cost Terms. If the Replacement Cost Terms do not apply, “we” settle losses according to the Actual Cash Value Terms. In the Replacement Cost Terms and the Actual Cash Value Terms, replacement cost and cost to repair or replace do not include any increased cost that results from the enforcement of a code, ordinance, or law, except to the extent that coverage for such increased cost is provided under the Incidental Property Coverage for Increased Cost – Ordinance Or Law.

Loss Settlement Terms. Subject to paragraphs 1., 2., 4., and 5. under How Much We Pay, "we" pay the lesser of: a. the amount determined under Valuation, plus charges "you" have earned from "your" processing; b. the cost to repair, replace, or rebuild the property with material of like kind and quality to the extent practicable, plus charges "you" have earned from "your" processing; or c. the "limit" that applies to the covered property.

Loss Settlement Terms. Subject to paragraphs 1., 2., 4., 5., and 6., in this How Much We Pay section, we pay the least of: a. the amount determined under Valuation of Property; b. the cost to repair, replace, or rebuild the property with material of like kind and quality to the extent practicable; or

Loss Settlement Terms. Subject to paragraphs 1., 2., 4., 5., and 6. under How Much We Pay, "we" pay the lesser of: a. the amount determined under Valuation at the time of loss for the article or item; b. the cost to repair the article or item to its condition just before the loss; c. the cost to replace the article or item with another article or item of equivalent kind and quality, to the extent practicable; or d. the "limit" of insurance.

Loss Settlement Terms. Subject to paragraphs 1., 2., 4., 5., and 6. under How Much We Pay, "we" pay the lesser of: a. the amount determined under Valuation at the time of loss to the property; b. the cost to repair the property to its condition just before the loss; c. the cost to replace the covered property with other property of equivalent kind and quality, to the extent practicable; or the "limit" of insurance. Repairs to plywood, plastic, fiberglass or molded hull boats will be made according to the manufacturers' specifications or accepted repair practices.

Loss Settlement Terms. Subject to the deductible or other limitation that applies, “we” pay the lesser of: a. the “limit” that applies;

Loss Settlement Terms a. Subject to the “terms” of How Much We Pay For Loss Or Claim, “our” payment for damaged covered property will be the smallest of: 1) the “limit” that applies to PART B. of this endorsement; 2) the cost to repair the damaged property; 3) the cost to replace the damaged property with like kind, quality and capacity on the same “insured premises”; or 4) the necessary amount actually spent to repair or replace the damaged property. b. Except as described in the Environmental, Safety and Efficiency Improvements condition set forth below, “you” are responsible for the extra cost of replacing damaged property with property of a better kind or quality or of a different size or capacity.

Loss Settlement Terms. Subject to paragraphs 1, 2, 4, 5, and 6 under this How Much We Pay section, we pay the least of: a. the amount determined under Valuation of Property; b. the cost to repair, replace, or rebuild the prop- erty with material of like kind and quality to the extent practicable; or c. the limit that applies to covered property, as described on the declarations, to which a covered loss has been sustained. For a loss occurring to covered Building Property, as described on the declarations, that is undergoing a Renovation Project at the time of the loss, subject to paragraphs 2, 4, 5, and 6, we will pay the least of: a. the amount determined under Valuation of Property; b. the cost to repair, replace, or rebuild the property with material of like kind and quality to the extent practicable; or c. the limit that applies to covered Building Property, as described on the declarations, to which a covered loss has been sustained and which is undergoing a Renovation Project. The Building Property limits of insurance shown on the declarations are provisional. The actual limit of insurance in effect at the time of loss is the sum of: 1) the limit of insurance that we provided (either on the declarations, or in the Newly Acquired/Constructed Supplemental Coverage) for any individual building or structure undergoing a Renovation Project that applied to such building prior to the inception of the Renovation Project, and 2) the value of the completed Renovation Project, multiplied by the proportion of the Renovation Project that has been completed at the time of loss. For Additional Coverage and Supplemental Coverages, subject to paragraphs 1, 2, 4, 5, and 6, we pay the lesser of: a. the actual loss sustained; or b. the limit indicated within each Additional Coverage or Supplemental Coverage.

Loss Settlement Terms a. Subject to items 1. and 2. above, and items 4. through 8. below, "we" pay the lesser of: 1) the amount determined under Valuation Of Property Losses; 2) the cost to repair, replace, or rebuild the property with materials of like kind and quality to the extent practicable; or 3) the "limit" that applies to covered property. b. If replacement cost valuation applies, "we" pay no more than the actual cash value of the damaged property before the repair or replacement takes place. If the repair or replacement is completed within 12 months of the date that the initial actual cash value payment is made, "we" will pay the difference between the actual cash value and the replacement cost of the damaged property, subject to item 3.a. above.