Common use of Insured costs Clause in Contracts

Insured costs. Subject to point 6 - Where the loss is complete or the current value has been completely destroyed (see point 4) but up to a maximum of its acquisition price; - In the case of damaged items, the cost of repair providing that this does not exceed the current value minus the residual value but up to a maximum of the cost of acquisition at the time minus the residual value. - If the delay in delivering the luggage to the holiday location exceeds 12 hours, the cost of purchasing new items that are absolutely essential (see point 6.7).