What Does Pair or Set Condition Mean?
What does Pair or Set Condition mean? Read on to discover the definition & meaning of the term Pair or Set Condition - to help you better understand the language used in insurance policies.
Pair or Set Condition
Loss settlement condition found in property insurance contracts that states that when part of a set is damaged or destroyed, the insured will not be reimbursed for the value of the entire set; various methods are used to determine the amount of reimbursement.
We hope the you have a better understanding of the meaning of Pair or Set Condition.
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