Common use of PAYMENT OF LOSS Clause in Contracts

PAYMENT OF LOSS. At our option, we will pay the loss in money, or repair or replace the damaged or stolen property. With your consent, payment for repairs may be made directly to a repair shop if damage is repaired. We may, at any time before the loss is paid or the property is replaced by us, return, at our expense any stolen property either to you or to the address shown in our records with payment for the resulting damage. We may keep all or part of the property at the agreed or appraised value, but there shall be no abandonment to us. We have no duty to preserve salvage. We may make payment for a loss to you or the owner of the car. No payment is due under Part IV:

PAYMENT OF LOSS. At our option, we will pay the loss in money, or repair or replace the damaged or stolen property. With your consent, payment for repairs may be made directly to a repair shop if damage is repaired. We may, at any time before the loss is paid or the property is replaced by us, return, at our expense any stolen property either to you or to the address shown in our records with payment for the resulting damage. We may keep all or part of the property at the agreed or appraised value, but there shall be no abandonment to us. We have no duty to preserve salvage. We may make payment for In the event of a covered theft of, or total loss to you or the owner of the to, an insured car. No payment is due under Part IV:

PAYMENT OF LOSS. At our option, we will pay the loss in money, or repair or replace the damaged or stolen property. With your consent, payment for repairs may be made directly to a repair shop if damage is repaired. We may, at any time before the loss is paid or the property is replaced by us, return, at our expense any stolen property either to you or to the address shown in our records with payment for the resulting damage. We may keep all or part of the property at the agreed or appraised value, but there shall be no abandonment to us. We have no duty to preserve salvage. We may make payment for a loss to you or the owner of the car. No payment is due under Part IV:IV until you have fully complied with all of the conditions and duties stated in this policy.