Our Option Sample Clauses
Our Option. If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.
Our Option. We may repair or replace any part of the property damaged or stolen with similar property. Any property we pay for or replace becomes our property.
Our Option. If we give you written notice within
Our Option. If we give you written notice within 30 days after we receive your signed, sworn proof of loss:
a. For losses settled on an “actual cash value” basis, we may repair or replace any part of the damaged property with material or property of like kind and quality;
b. For losses covered under COVERAGE A - Dwelling, insured for Replacement Cost Loss Settlement as outlined in SECTION I – CONDITIONS, item 3, Loss Settlement, we may repair the damaged property;
c. For all other losses insured on a replacement cost basis, the replacement cost will be paid, whether or not you repair or replace the damaged property.
Our Option. If w e give you x x xxxxx notice w ithin 30 days af ter w e receive your notice of loss, w e may repair or replace any part of the damaged property w ith like property. Loss Pay ment. W e w ill adjust all losses w ith you. W e w ill pay you unless some other person is named in the policy or is legally entitled to receive payment. Loss w ill be payable 60 days af ter w e receive your proof of loss and: loss that the amount of insurance that applies under this policy bears to the total amount of insurance covering the loss. If , at the time of loss, there is other insurance in the name of a corporation or
a. Reach an agreement w ith you;
b. There is an entry of a f inal judgment; or
c. There is a f iling of an appraisal xx xxx w ith us. association of property ow ners covering the same property covered by this policy, this insurance w ill be excess over the
Our Option. If at the time of loss, the damaged property is:
a. Not insured for Replacement Cost Loss Settlement as outlined in Section I - Conditions, Loss Settlement, and we give you written notice within 30days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.
Our Option. If at the time of loss:
Our Option a. If we give or mail you written notice within 30 days after we receive your signed, sworn proof of loss; and
(1) The damaged property under Coverage A – Dwelling in SECTION I – PROPERTY COVERAGES is insured for Replacement Cost loss settlement as described in your Loss Settlement conditions:
(a) We may, at our option, repair any part or item of the damaged Coverage A property with material or property of like kind and quality.
(b) If an identical replacement is part of the repair and is not available, we may, at our option, substitute replacement of equal or greater features, functions or capacities of the damaged property.
(2) If the damaged property is insured for Actual Cash Value loss settlement as described in your Loss Settlement:
(a) We may, at our option, repair, rebuild or replace any part or item of the damaged property with material or property of like kind and quality.
(b) If an identical replacement is not available, we may, at our option, substitute replacement of equal or greater features, functions or capacities of the damaged property.
b. The damaged property, other than a.(1) above, is insured for Replacement Cost loss settlement as described in your Loss Settlement conditions: We will pay the amount of loss, whether or not you repair or replace the damaged property.
Our Option. If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace
Our Option. If we give or mail you written notice within 30 days after we receive your signed, sworn proof of loss:
a. We may, in lieu of payment and at our option, repair, rebuild or replace any part or item of the damaged property with material or property of like kind and quality.
b. If an identical replacement is not available, we may, at our option, substitute replacement of equal or greater features, functions or capacities of the damaged property.
c. Paragraphs 12.a., 12.b. and the first paragraph above do not apply to the services that are provided under form SIC 05 85.
d. Your consent to participate in the Program under form SIC 05 86 constitutes, for the loss or damage you have reported to us, your waiver of our requirement to provide you written notice within 30 days after we receive your signed, sworn proof of loss, as described in the first paragraph above. Paragraphs 12.a., 12.b. and the first paragraph above do not apply to repairs, replacement or rebuilding of covered property that are provided under form SIC 05 86.
e. Our right to repair, rebuild or replace and our decision to do so is a material part of this Policy and under no circumstances relieves you or us of the duties and obligations under this Policy.