#LikeKindandQuality (LKQ) refers to a condition in #propertyinsurance policies where the insurer agrees to repair or replace damaged, destroyed, or lost property with items of similar type and condition.

This means that the replacement #property will be comparable in composition and quality to the original.

For example, if your car is damaged in an accident, the insurer might use used parts from the same make and model to repair it, ensuring the parts are of similar age and condition.

Do you have any specific questions about LKQ or how it might apply to your insurance policy?

Sincerely,
Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario
Phone – 6476217890
Email – insurancechampion@outlook.com

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