保单结构与条款第 522 / 531 题
After a covered glass loss, the insurer notifies the insured that it will replace the glass rather than pay cash. This is permitted because:
a.The deductible was not yet collected
b.The insured waived cash by filing a claim
c.Repair is required whenever it costs less
d.The policy gives the insurer that option
解析
Loss settlement conditions reserve to the insurer the choice of paying the loss in money or of repairing or replacing the damaged property with material of like kind and quality, after telling the insured what it intends to do. It is the insurer's election, not a rule that the cheaper route must be taken, and not something the insured surrenders by filing. The deductible is subtracted from the settlement either way.
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