Value of the loss definition

Value of the loss means the cost of repairing, restoring or replacing the property, including, without limitation, the cost of any materials and labor necessary to repair, restore or replace the item.
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Examples of Value of the loss in a sentence

  • We will pay the Actual Cash Value of the loss or damage to personal property covered under Section I up to the applicable amount of insurance.

  • Investor for breach by Government under Section 26.1(c), Government shall compensate the Investor for the Fair Market Value of the loss of benefit of the Concession Agreement and any Port Concession Agreements and the use of the Concession Area and the concession area under any Port Concession Agreements, including the non-moveable assets therein, as part of any award of damages pursuant to Sections 28 and 29.

  • If loss or damage is not replaced or repaired within a reasonable time, we will pay the Actual Cash Value of the loss or damage at the date of the occurrence.

  • State Auto agrees to pay applicable Vehicle Sales Tax on total loss vehicles at the time of loss based on the Adjusted Vehicle Value of the loss vehicle, without requiring the policyholder to provide proof that the policyholder purchased a replacement vehicle and without regard to whether the loss vehicle is leased or owned.

  • If loss or damage is not replaced or repaired within a reasonable time, we will pay the Actual Cash Value of the loss or damage to the date of occurrence.

  • The insurance amount of this policy shall be reduced as of the date of the peril by the payment of any claim, by an amount equal to the Real Effective Value of the loss.