Examples of Insured Item in a sentence
Resulting from incorrect or inappropriate use of the Insured Item or costs incurred in rectification.
You will then be sent a claim form.For damage claims, You must obtain a written estimate of the cost to repair the Insured Item by a repair centre.You will be required to submit a completed claim form containing the time, place, cause and amount of loss and provide documentation to substantiate the claim, including the following:1.
The Account Holder will be entitled to receive no more than the full Purchase Price of the Insured Item as recorded on the Account receipt or Account statement.
Valid claims will be settled, at the Company’s sole option, either by replacing, repairing or rebuilding the Insured Item or by cash payment in an amount not to exceed the Purchase Price, subject always to the limits of liability.
Negligence of whatsoever nature resulting in damage to the Insured Item.