Repair or Replacement. Except where an appraisal has been made, the Insurer, instead of making payment, may, within a reasonable time, repair, rebuild or replace the property damaged or lost with other of like kind and quality if, within seven days after the receipt of the proof of loss, it gives written notice of its intention to do so.
Appears in 6 contracts
Sources: Standard Non Owned Automobile Policy, Standard Non Owned Automobile Policy, Standard Non Owned Automobile Policy
Repair or Replacement. Except where an appraisal has been made, the Insurer, instead of making payment, may, within a reasonable time, repair, rebuild or replace the property damaged or lost lost, with other of like kind and quality if, within seven days after the receipt of the proof of loss, it gives written notice of its intention to do so.
Appears in 3 contracts
Sources: Property Coverage Agreement, Supplementary Non Owned Automobile Liability Insurance, Supplementary Non Owned Automobile Liability Policy
Repair or Replacement. Except where an appraisal has been made, the Insurerinsurer, instead of making payment, may, within a reasonable time, repair, rebuild or replace the property damaged or lost with other of like kind and quality if, within seven days after the receipt of the proof of loss, it gives written notice of its intention to do so.
Appears in 1 contract
Sources: Insurance Agreement
Repair or Replacement. Except where an appraisal has been made, the Insurer, instead of making payment, may, within a reasonable time, repair, rebuild or replace the property damaged or lost with other of like like, kind and quality if, within seven days after the receipt of the proof of loss, loss it gives written notice of its intention to do so.. No Abandonment (Salvage)
Appears in 1 contract
Sources: Insurance Policy