New for old

NEW FOR OLD. A term used in the law of insurance in cases of adjustment of a loss, when it has been but partial. In making such adjustment the rule is to apply the old materials towards the payment of the new, by deducting the value of them from the gross amount of the expenses for repairs, and to allow the deduction of one-third new for old upon the balance. See 1 Cowen, 265; 4 Cowen, 245; 4 Ohio, 284; 7 Pick. 259; 14 Pick. 141.

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have applied the "new for old" principles and straight-line
The "new for old" principle is a rule rooted in the
(16) Application of the "new for old" rule has only been
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have held the "new for old" rule could not be properly applied
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that the appellant's argument that the "new for old" rule
The comprehensive policy comprises protection against theft and accidental damage, public liability up to Au2m for BEBA members brands (Au1m for non-BEBA member brands) and new for old cover up to 3 year for BEBA member brands (up to one year for non BEBA mmember brands).
With our team we have developed a policy that has all the essentials required plus some nice to haves, such as breakdown cover and new for old replacement.
WESTMEAD SWALLOW (9-2), whose dam Westmead Aoifa was one of the top stayers of her era, relished a step up in trip when taking the plaudits in the opening heat of the L & S New For Old Trophy over 515 metres at Hove on Sunday, writes Patrick Kelly.
Draw for Thursday's final of the L & S New For Old Trophy: 1 Silverview Pinky, 2 Swift Signal, 3 Rayvin Again (m), 4 Freedom Cache (m), 5 Silverview Spott (w), 6 Westmead Swallow (w).

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