Building Structure Reimbursement Sample Clauses

Building Structure Reimbursement. Under Coverage A Dwelling Protection and Coverage B Other Structures Protection, we will make additional payment to reimburse you for cost in excess of actual cash value if you repair, rebuild or replace damaged, destroyed or stolen covered property within 180 days of the actual cash value payment. This additional payment includes the reasonable and necessary expense for treatment or removal and disposal of contaminants, toxins or pollutants as required to complete repair or replacement of that part of a building structure damaged by a covered loss. Building Structure Reimbursement will not exceed the smallest of the following amounts: 1) The repair cost of that part of the damaged building structure on the residence premises; or 2) The amount actually and necessarily spent to repair or replace damaged building structures with readily available construction materials or methods that are functionally equivalent to and less costly than obsolete, antique or custom construction materials or methods; or 3) The limit of liability applicable to the building structure as shown on the Policy Declarations for Coverage A Dwelling Protection or Coverage B Other Structures Protection. The type of repair or replacement materials shall be agreed upon by you and us. If you and we cannot agree, settlement will be on an actual cash value basis described in paragraph "c" above. If you replace the damaged building structure(s) at an address other than shown on the Policy Declarations through construction of a new structure or purchase of an existing structure, such replacement will not increase the amount payable under Building Structure Reimbursement described above. The amount payable under Building Structure Reimbursement described above does not include the value of any land associated with the replacement structure(s). Building Structure Reimbursement payment will be limited to the difference between any actual cash value payment made for the covered loss to 3) above. Building Structure Reimbursement will not apply to: 1) property covered under Coverage C Personal Property Protection; 2) property covered under Coverage B Other Structures Protection that is not a building structure; 3) land. Payment under "a", "b", or "c" or "d" above will not include any increased cost due to the enforcement of building codes, ordinances or laws regulating the construction, reconstruction, maintenance, repair, relocation or demolition of building structures or other structures.