Loss to a Pair Clause Samples

Loss to a Pair or Set -- If there is loss to an item which 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 - In case of loss to a pair or set we will: 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 actual cash value of the property before and after the loss.

Loss to a Pair. Or Set 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 the event of a covered loss to a pair or set, we may elect to: 1. Repair or replace any part of the pair or set to restore it to its “actual cash value” before the loss; or 2. Pay the difference in the “actual cash value” of the pair or set before and after the loss. Appraisal If you and we fail to agree on the amount of loss, an appraisal of the loss may take place. However, both parties must agree to the appraisal and once agreed, the appraisal process cannot be withdrawn. If appraisal is demanded by either party, each will choose a competent, disinterested, and impartial appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If the two appraisers cannot agree upon an umpire within 15 days of both parties naming their appraiser, then either party may seek selection of an umpire by filing a petition in a court of record in the county and jurisdiction where the “residence premises” is located, provided the requesting party provides the non- requesting party with notice at least 15 days prior to any hearing via certified mail. An umpire must be competent, disinterested, and impartial. All written demands for appraisal and notice of hearings to us must be sent to the address for the insurer listed on the Declarations Page. The appraisers will separately appraise the amount of the loss. If the appraisers submit a signed written report of an agreement to us that itemizes all items or elements of loss and delineates the amount for each applicable coverage in the policy, in both “actual cash value” and replacement cost value, the amount agreed upon will be the amount of loss. If they fail to agree, they will submit their differences to the umpire and the umpire will generate a proposed written report as set forth above. A written report, as set forth above, agreed to and signed by any two will set the amount of loss as the appraisal award and is binding on that party which demanded the appraisal. Each party will: 1. Pay its own appraiser; and 2. Bear the other expenses of the appraisal and umpire equally. If there is an appraisal award, we will still retain our right to apply any applicable policy terms, limits, deductibles, and conditions. Suit cannot be filed against us during the appraisal process. If suit was filed against us prior to the demand of appraisal, suit will be held in abatement until the execution of an appraisal award. Other Insurance And Service Agreement If a loss covered ...