In case of loss, destruction or damage by a contingency insured against under this policy to any part of a machine or unit consisting of two or more parts when complete for use, the liability of the insurer s shall be limited to the value of the part or part lost, destroyed or damaged or, if required, subject to agreement by insurers, to the cost and expense of replacing or duplicating the lost, destroyed or damaged part or part of or repairing the machine or unit.
Tags
S Clause