cost of repairs. ’ means the estimated or actual retail cost of parts needed to repair a vehicle plus the cost of labor computed by using the hourly labor rate and time allocations for automobile repairs that are customary and reasonable. Retail costs of parts and labor rates may be based upon collision estimating manuals or electronic computer estimat- ing systems customarily used in the automobile industry. The total cost of repairs to rebuild or reconstruct the vehicle shall not include the cost of repairing, replacing or reinstalling tires, sound systems, or any sales tax on parts or materials to rebuild or reconstruct the vehicle.
cost of repairs means the estimated or actual retail cost of parts
cost of repairs means all costs necessary to fully repair a substantially damaged structure to its before damaged condition. Acceptable estimates of cost of repair shall be obtained from the following source:
More Definitions of cost of repairs
cost of repairs. ’ means the estimated or actual retail cost of parts needed to repair a vehicle plus the cost of labor computed by using the hourly labor rate and time allocations for automobile repairs that are customary and reasonable. Retail costs of parts and labor rates may be
cost of repairs. Should the estimated cost of repairs under Section 14 of the Agreement exceed $_ , Purchaser shall have the option to terminate this Agreement upon written notice to Seller and receive a full refund of the deposit in accordance with the procedures defined in Section 11(a) of the Agreement. If no amount is entered in the space in this paragraph, the parties agree amount shall be equal to $1000.
cost of repairs. ’ means the estimated or actual retail cost of parts needed to repair a vehicle plus the cost of labor computed by using the hourly labor rate and time allocations for automobile repairs that are customary and reasonable. Retail costs of parts and labor rates may be based upon collision estimating manuals or electronic computer estimat- ing systems customarily used in the automobile industry. The total cost
cost of repairs means charges for Tyre(s) and/or labour to repair the Tyre(s), exclusive of any part of such charges which represents Value Added Tax (VAT) recoverable by the Insured and any part of such charges during the Period of Insurance.