Loss To A Pair Or Set Clause Samples
The 'Loss To A Pair Or Set' clause defines how insurance coverage applies when a loss affects items that are part of a pair or set. Typically, this clause stipulates that if one item in a pair or set is lost or damaged, the insurer will not pay for the entire pair or set, but only for the lost or damaged item, often considering the reduction in value of the remaining items. For example, if one earring from a matching set is lost, the payout would be for the single earring, not the full value of the pair. This clause ensures that claims are settled fairly and prevents insured parties from claiming the full value of a set when only part of it is affected, thereby allocating risk and clarifying the extent of coverage.
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Loss To A Pair Or Set. In case of loss to an item which is part of a pair or set, the measure of loss shall be a reasonable and fair proportion of the total value of the pair or set. The importance of the item will be considered in assessing the loss. Such loss will not be considered a total loss of the pair or set.
Loss To A Pair Or Set. In case of loss to a pair or set,
a. repair or replace any part to restore the pair or set to its value before the loss; or
b. pay the difference between the depreciated value of the property before the loss and the de- preciated value of the property after the loss.
Loss To A Pair Or Set. If there is a loss to an item that is part of a pair or set, “we” pay only to replace or repair the item, or “we” pay the difference in the “actual cash value” of the pair or set just before the loss and the “actual cash value” just after the loss.
Loss To A Pair Or Set. U M
a) repair or replace any part of the pair or set to restore it to its actual cash value before the loss; or
b) pay the difference between the actual cash value of the pair or set before and after the loss. NPage 21
Loss To A Pair Or Set. If there is a covered loss to a pair or set, we may:
a) repair or replace any part of the pair or set to restore it to its actual cash value before the loss; or
b) pay the difference between the actual cash value of the pair or set before and after the loss.
Loss To A Pair Or Set. In case of loss to a pair or set we may elect to:
1. Repair or replace any part to restore the pair or set to its value before the loss; or
2. Pay the difference between actual cash value of the property before and after the loss.
Loss To A Pair Or Set. In case of loss to a pair or set “we” may elect to:
1. Repair or replace any part to restore the pair or set to its value before the loss; or
2. Pay the difference between “actual cash value” of the property before and after the loss.
Loss To A Pair Or Set. If there is loss to an article which is part of a pair or set, we are only liable for a reasonable proportion of the value of the entire pair or set, and the loss is not considered a total loss of the pair or set.
Loss To A Pair Or Set. If there is a covered loss to a pair or set, we may:
a) repair or replace any part of the pair or set to restore it to its actual cash value before the loss; or
b) pay the difference between the actual cash value of the pair or set before and after the loss. All provisions of Section I of this policy apply to these mortgagees.
a) protect the mortgagee’s interest in a covered building structure in the event of an increase in hazard, intentional or criminal acts of, or directed by, an insured person, failure by any insured person to take all reasonable steps to save and preserve property after a loss, a change in ownership, or foreclosure if the mortgagee has no knowledge of these conditions; and
b) give the mortgagee at least 10 days notice if The mortgagee will:
a) furnish proof of loss within 60 days after notice of the loss if an insured person fails to do so;
b) pay upon demand any premium due if an
c) notify us in writing of any change of ownership or occupancy or any increase in hazard of which the mortgagee has knowledge;
d) give us the mortgagee’s right of recovery against any party liable for loss; and e) after a loss, and at our option, permit us to satisfy the mortgage requirements and receive full transfer of the mortgage. This mortgagee interest provision shall apply to any trustee or loss payee or other secured party.
Loss To A Pair Or Set. We may repair or replace any part of the pair or set to restore it to its value before the loss, or we may pay the difference between the actual cash value of the property before and after the loss.