Common use of Building Structure Reimbursement Clause in Contracts

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.

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 structure(s) damaged by a covered loss. Building Structure Reimbursement will not exceed the smallest of the following amounts: 1) The repair the replacement cost of that part the part(s) of the damaged building structure structure(s) for equivalent construction for similar use on the same residence premises; or; 2) The the amount actually and necessarily spent to repair or replace the damaged building structures structure(s) with readily available equivalent construction materials or methods that are functionally equivalent to and less costly than obsolete, antique or custom construction materials or methodsfor similar use on the same residence premises; or 3) The the limit of liability applicable to the building structure structure(s) as shown on the Policy Declarations for Coverage A Dwelling Protection or Coverage B Other Structures Protection. The type , regardless of repair or replacement materials shall be agreed upon by you the number of building structures and us. If you and we cannot agree, settlement will be on an actual cash value basis described structures other than building structures involved in paragraph "c" abovethe loss. 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 Structures 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 building structures and the smallest of 1), 2) or 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) wall-to-wall carpeting, fences, awnings and outdoor antennas whether or not fastened to a building structure; 3or 4) 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 structuresstructures except as provided under Section I, Additional Protection 10, Building Codes.

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. This additional payment shall not include any amounts which may be paid or payable under Section I, Conditions Mold, Fungus, Wet Rot and Dry Rot Remediation as a Direct Result of a Covered Water Loss, and shall not be payable for any losses excluded in Section I Your Property, under Losses We Do Not Cover Under Coverage A, Coverage B and Coverage C, section E. Building Structure Reimbursement will not exceed the smallest of the following amounts: 1) The repair the replacement cost of that part the part(s) of the damaged building structure structure(s) for equivalent construction for similar use on the same residence premises; or; 2) The the amount actually and necessarily spent to repair or replace the damaged building structures structure(s) with readily available construction materials or methods that are functionally equivalent to and less costly than obsolete, antique or custom construction materials methods or methodsmaterials; or 3) The limit of liability the Limit Of Liability applicable to the building structure structure(s) as shown on the Policy Declarations for Coverage A Dwelling Protection or Coverage B Other Structures Protection. The type , regardless of repair or replacement materials shall be agreed upon by you the number of building structures and us. If you and we cannot agree, settlement will be on an actual cash value basis described structures other than building structures involved in paragraph "c" abovethe loss. 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 NPage 18 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 building structures and the smallest of 1), 2) or 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) wall-to-wall carpeting, fences, awnings and outdoor antennas whether or not fastened to a building structure; 3or 4) land. Payment under "a"), "b"), c) 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 1) the amount actually and necessarily spent to repair or replace the property with similar property of like kind and quality; 2) the cost of repair or restoration; or 3) the Limit Of Liability shown on the Policy Declarations for Coverage C Personal Property Protection, or any special limit of liability described in the policy, regardless of the number of items of personal property involved in the loss. Personal Property Reimbursement will be limited to the difference between any actual cash value payment made for the covered loss to personal property and the smallest of 1), 2) or 3) above. Personal Property Reimbursement will not apply to: 1) property insured under Coverage A Dwelling Protection and Coverage B 2) antiques, fine arts, paintings, statuary and similar articles which, by their inherent nature, cannot be replaced; 3) articles whose age or history contribute substantially to their value. This includes, but is not limited to, memorabilia, souvenirs and collector’s items; demolition of building structures or other structures.