Agreed Value. In the event of a total loss covered under Section 1, we will pay the amount specified in the schedule. If loss to an insured vehicle covered under Section 1 prevents you from using it, this extension covers the reasonable cost of you hiring a substitute vehicle of a similar make, model and specification that is capable of carrying out the activities of the insured vehicle during the Period of Cover (as defined below) subject to the following:
Appears in 4 contracts
Sources: Insurance Agreement, Insurance Agreement, Insurance Agreement