What does Pair or Set Clause mean? Read on to discover the definition & meaning of the term Pair or Set Clause - to help you better understand the language used in insurance policies.
Pair or Set Clause
Provision found in homeowners and commercial property forms dealing with losses involving part of a set or one of a pair. In this case, the insurer can either (1) repair or replace any part to restore the pair or set to its value prior to the loss, or (2) pay the difference between the actual cash value (ACV) of the property before and after the loss.
We hope the you have a better understanding of the meaning of Pair or Set Clause.