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 We will not pay to repair or replace undamaged property due to mismatch of color, discontinued, outdated or obsolete material.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.

  • 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.

  • 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).

  • 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.

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

  • 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.

  • 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 Breakdown.

  • Quarterly Rent (Prepaid) $3,090.36 $3,090.36 Total Quarterly Payment $3,090.36 Security Deposit (50% of Rent) $515.06 Other Fees: Late/NSF Cheques (per occurrence) $35.00 Lost Keys (per occurrence) $50.00 Lost Laundry Keys (per occurrence) $25.00 Cleaning $20.00/hour Lock Change $5.00 Damage to Furniture or Other Property Cost to repair or replace at the University's Option.

Related to Cost to repair or replace

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Repair means the reconstruction, replacement, or renewal of any part of an existing building for the purpose of its maintenance or to correct damage.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Major repair means either: (1) for a dispersal system, repairs required for an OWTS dispersal system due to surfacing wastewater effluent from the dispersal field and/or wastewater backed up into plumbing fixtures because the dispersal system is not able to percolate the design flow of wastewater associated with the structure served, or (2) for a septic tank, repairs required to the tank for a compartment baffle failure or tank structural integrity failure such that either wastewater is exfiltrating or groundwater is infiltrating.

  • 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.