Cost to repair or replace definition

Cost to repair or replace means the reasonable and necessary amount that you are likely to incur to repair or replace the damaged part of covered property, at the time of loss or damage, with material of like kind and quality and for the same use, without a deduction for deterioration and depreciation. We will not pay to repair or replace undamaged property due to mismatch of color, discontinued, outdated or obsolete material.
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Cost to repair or replace means the reasonable and necessary amount that you are likely to incur to repair
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Examples of Cost to repair or replace in a sentence

  • Cost to repair or replace wrist watch up to a maximum sum of $75.00.

  • During the term of this Contract, We will reimburse You, or an authorized repair facility, the Repair Cost to repair or replace any Covered Component of Your Vehicle that has experienced a Mechanical Breakdown, less the applicable Deductible.

  • Cost to repair or replace wristwatch up to a maximum sum of $75.00.

  • Cost to repair or replace handgun at replacement cost to the agency.

  • Our limit of liability is the Cost to repair or replace any covered Breakdown; but in no event shall this Cost exceed the average retail value of Your Vehicle as determined by the NADA (Official Used Car Guide) at the time of loss.

  • For any equipment owned by the Customer that may affect the integrity or reliability of Bluewater Power’s Distribution System, the Customer is responsible, at their Cost, to repair or replace the equipment.

  • Cost to repair or replace vehicles which are damaged or stolen while the vehicles are used in providing Assistance; provided, however, that Requesting Party's financial obligation under this Section 4.1 (d): (i) shall not apply to any damage or loss resulting from the gross negligence, bad faith or willful misconduct of the Assisting Party, and (ii) shall only apply in excess of, and not contribute with, any valid and collectible first- party physical damage insurance which applies to such loss.

  • Cost to repair or replace wrist watch up to a maximum sum of seventy-five dollars ($75.00).

  • We will pay the Reasonable Cost to repair or replace damaged fixed glass forming part of Your Vehicle which has a carrying capacity not exceeding 5 tonnes, where the glass is damaged as the result of an Accident.

  • Cost to repair or replace the damaged furnishings, equipment, or premises will be determined by the Lessor and will be billed to the Lessee.

Related to Cost to repair or replace

  • Emergency repair means work necessary to prevent destruction or dilapidation to real property or structural appurtenances thereto immediately threatened or damaged by fire, flood, earthquake or other disaster.

  • Punchlist Items means any items necessary at the time of the issuance of a temporary certificate of occupancy to complete fully the renovation of the Project Facilities in accordance with the Plans and Specifications for the Project Facilities, or required for the issuance of a final certificate of occupancy or its equivalent.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.