In the case of loss or damage to any article or articles, whether scheduled or unscheduled, which are a part of a set, “we” will pay only a reasonable and fair proportion of the total value of the set, and such loss or damage will not be understood to mean total loss of the set.
This condition arose out of the American inland marine market which featured policies that would today be considered property insurance. When this clause came into use, broad coverages were not written by fire and casualty insurers. The objective of this clause is clear, suffer a loss of part of a pair or set will not be considered total loss of the pair or set. Presumably, policyholders had been successful in claiming otherwise, that a pair or set insured as one item was no longer a pair or set after a loss.
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