Spoilage. We shall pay under Insuring Agreement 1(b) the amount that is spent to replace perishable Insured Property which spoils solely as a result of the Breakdown or Electronic Circuitry Impairment of Insured Equipment. If the Insured Property is not replaced, we shall only pay for the Actual Cash Value of the property.
Appears in 6 contracts
Sources: Equipment Breakdown Endorsement, Equipment Breakdown Endorsement, Equipment Breakdown Endorsement
Spoilage. We The Company shall pay under Insuring Agreement 1(b) the amount that is spent to replace perishable Insured Property which spoils solely as a result of the Breakdown or Electronic Circuitry Impairment of Insured Equipment. If the Insured Property is not replaced, we the Company shall only pay for the Actual Cash Value of the property.
Appears in 1 contract
Sources: Farm Equipment Breakdown Coverage
Spoilage. We shall pay under Insuring Agreement 1(b) the amount that is spent to replace perishable Insured Property which spoils solely as a result of the Breakdown or Electronic Circuitry Impairment of Insured Equipment. If the Insured Property is not replaced, we shall only pay for the Actual Cash Value of the property.
Appears in 1 contract
Sources: Equipment Breakdown Endorsement