Under a homeowners policy, what can the insurer do in case of loss to a pair or set?

In the context of a homeowners policy, when there is a loss to a pair or set, the insurer has the option to repair or replace any part of the set that has been damaged or lost. This means that if a specific item within a pair or set is affected, the insurer can choose to either fix that item or replace it with a new one, rather than replacing the entire set or providing monetary compensation for the entire set's value.

This approach aligns with the principle of indemnity, which aims to restore the insured to their pre-loss condition without allowing them to profit from the loss. By focusing on the specific part of the pair or set, the insurer effectively addresses the loss while maintaining fairness in the claims process.

The other options suggest either a complete replacement or a cash payout, which do not reflect the practices outlined in standard homeowners coverage related to pairs or sets. This reinforces the importance of understanding the specific provisions within homeowners policies regarding how losses to personal property are handled.