You can check pair and set clause in marine insurance. By Qualified Insurance Team at February 27 2009. 27Broad Pair and Set Clause It is hereby noted and agreed that in case of loss destruction or damage to part of a pair or set the insurer will pay the full amount of the pair or set provided the insured agree to surrender the remaining article or articles of the pair or set to the insurer. Adjusters International published an excellent article Pair Set and Match. Read also marine and pair and set clause in marine insurance 22Pairs and Sets Clause.
Pair and Set Clause In the case of loss or damage to any article or articles whether scheduled or unscheduled which are a part of a set we will pay only a reasonable and fair proportion of the total value of the set and such loss or damage will not be understood to mean total loss of the set. In the event that such liability is asserted the Assured agrees to.
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24There is often a demand to delete this clause.
Pair and set clause. Post navigation Pain And Suffering. Where any insured items consists of articles in a pair or set this policy is not to pay more than the value of any particular part or pats which may be lost or damaged without reference to any special value which such. The pair and set clause in-cluded in most first party property damage policies providesin the event of loss or damage by a peril insured against to any arti-cle or articles which are part of a pair or set the measure of loss or damage to such article or articles shall be at the Insureds option. In the event of loss and or damage to any articles or articles forming part or a pair or set our liability shall be limited to the value of such parts which may be lost or damaged without any reference to any special value which such article or articles may have as part of such pair or set not shall it exceed the proportionate part of the insured value of such pair or set for example if 2 vases are. It is hereby noted and agreed that in case of loss destruction or damage to part of pair or set the Insurer will pay the full amount of the pair or set provided the Insured agree to surrender the remaining article or articles of the pair or set to the Insurer.
On Products The reasonable and fair propor-tion of the pair or sets total.
Topic: Broad Pair And Set Clause It is hereby noted and agreed that in case of loss destruction or damage to part of a pair or set the insurer will pay the full amount of the pair or set provided the insured agree to surrender the remaining article or articles of the pair or set. On Products Pair And Set Clause In Marine Insurance |
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Book Serial Number 328763112897 Inland Marine Insurance 14Additional Condition contained in property insurance policies which states that loss to only one item of a pair or set does not constitute loss or damage to the entire pair or set.
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Topic: Pairs Set Clause If any claim arises herein for loss or damage consequent upon a risk covered by the policy of or to an article constituting one of an insured pair or set no regard shall be had to the value of the pair or set and the amount recoverable under this policy shall be calculated as though the article had been separately insured at pro rata of the insured value of the pair or set. Best 19 Kindness Quotes Kindness Quotes Random Act Quotes Pair And Set Clause In Marine Insurance |
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Ho Coverage When Does The Pair Or Set Condition Apply The pair and set clause in-cluded in most first party property damage policies providesin the event of loss or damage by a peril insured against to any arti-cle or articles which are part of a pair or set the measure of loss or damage to such article or articles shall be at the Insureds option.
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