What Does Pair or Set Condition Mean?

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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

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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