A provision, often found in the physical damage section of automobile insurance
policies, which stipulates that if the repair or replacement of the damaged
parts results in better than "like kind or quality," the insurers will not pay
for this net improvement. This clause is designed to preserve the concept of
indemnity so the insured does not profit from the loss when the circumstances
are such that it is impossible for the insurer to repair or replace the property
without bettering the insured's position.
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