Common use of Basis of Settlement Clause in Contracts

Basis of Settlement. (a) We will at Our option (i) pay the cost of repairs to Your Vehicle, or (ii) pay in cash the amount of the loss or damage to Your Vehicle, or (iii) reinstate or replace Your Vehicle.

Appears in 7 contracts

Sources: Commercial Vehicle Non Tariff Policy, Commercial Vehicle Tariff Policy, Commercial Vehicle Non Tariff Policy