Pairs and Sets Sample Clauses

Pairs and Sets. Where the Artwork is part of a pair or set (except where each part of the pair or set has a separate Agreed Appraisal Value), the amount of Covered Damages in case of its loss, damage or destruction shall be the proportion of loss to the total value of the pair or set, giving consideration to the importance of each Artwork comprising the pair or set; provided, however, the loss of a portion shall not be evaluated as total loss of the pair or set.

Pairs and Sets. In the event of Loss or damage to any item of Insured Property that forms part of a pair or set, the cover provided by this policy extends to cover the Loss in value of the undamaged item if the damaged item cannot be replaced, repaired or restored. The maximum amount payable under this Extension is the Sum Insured of the pair or set. The cover provided by this Extension is part of and not in addition to the Sum Insured.

Pairs and Sets. Where an covered item consists of articles in a pair or set the company will not pay more than the value of the parts lost or damaged.

Pairs and Sets. In the event of the total loss of any articles which are part of a pair or set, the division agrees to pay the full amount of the value of such pair or set as determined by the valuation clause contained herein, subject otherwise to the applicable Deductible Clause set forth herein, and the state agrees, if such option is elected, to surrender the remaining article or articles of the pair or set to this Company. LOSS BUY BACK: The state shall have the right to buy back property of that is recovered for the amount paid to the state for the loss, plus an amount which represents loss adjustment and recovery expenses. Damaged property of the state, for which a total loss has been paid, may be repurchased by the state at the then fair market value of the damaged property.

Pairs and Sets. In the event of the total loss of any articles which are part of a pair or set, this Company agrees to pay the state, at the option of the state, the full amount of the value of such pair or set as determined by the Valuation Clause contained herein, subject otherwise to the applicable Deductible Clause set forth herein, and the state agrees, if such option is elected, to surrender the remaining article or articles of the pair or set to this Company. LOSS BUY BACK: The state shall have the right to repurchase from the Company property of the state that is recovered for the amount paid to the state for the loss, plus an amount which represents loss adjustment and recovery expenses. Damaged property of the state, for which a total loss has been paid, may be repurchased by the state at the then fair market value of the damaged property. The Company agrees to notify the state of its right to repurchase damaged or recovered property and the state shall have sixty (60) days from date of notice to exercise the repurchase right. 1BIX. LIMITS 2BThe state’s commercial insurance policy shall not be liable for limits in excess of those noted below: $ 300,000,000 at premises $ 300,000,000 disaster/loss/all expenses combined $ 300,000,000 unnamed locations worldwide $ 100,000,000 legal liability $ 100,000,000 in transit worldwide

Pairs and Sets. Where any items are parts of a pair or set, the insurer shall only pay for actual items which are lost or damaged. No payment will be made by the insurer for any items which are part of a pair of a set and which are not lost or damaged.

Pairs and Sets. If physical loss of, or damage to, the Property is recoverable under these terms and conditions, and the Property is a pair or set, ▇▇▇▇▇▇▇▇'▇ will pay any consequent depreciation in value on the remainder of the pair or set.

Pairs and Sets. Where the subject matter covered under this agreement consists of articles forming a pair or set, this cover is not to pay more than the value of any particular part or parts which may be lost or damaged, without reference to any special value which such article or articles may have as part of such pair or set and not more than the proportionate part of the covered value of the pair or set.