Skip to main content
Insurance

Pair-and-set clause

Insurance companies often use a method called "pair and set" valuation to determine the amount of compensation for lost items. This approach takes into account the difference in value of the item before and after the loss. For example, if one item from a pair or set is lost, the insurance company will only pay for the difference in its value, rather than the full cost of the item. This helps to prevent overcompensation for lost items.

Related terms

Agent (Life Advisor)

Understand the meaning and definition of Agent (Life Advisor) in the context of stock market, trading, and investments.

MORE
Authority

Understand the meaning and definition of Authority in the context of stock market, trading, and investments.

MORE
Alternative markets

Understand the meaning and definition of Alternative markets in the context of stock market, trading, and investments.

MORE
Decreasing term

Understand the meaning and definition of Decreasing term in the context of stock market, trading, and investments.

MORE
Contract construction bond

Understand the meaning and definition of Contract construction bond in the context of stock market, trading, and investments.

MORE
Pooling

Understand the meaning and definition of Pooling in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91