Coverage A – Dwelling a. If the damage is repaired or replaced within a reasonable time, at the actual cost to re- pair or replace;
b. If the damage is not repaired or replaced within a reasonable time, at actual cash value but not more than the amount re- quired to repair or replace.
Coverage A – Dwelling. 1. We cover:
a. The dwelling on the "residence premises" shown in the Declarations, including structures attached to the dwelling; and
b. Materials and supplies located on or next to the "residence premises" used to construct, alter or repair the dwelling or other structures on the "residence premises".
2. We do not cover land, including land on which the dwelling is located.
Coverage A – Dwelling. We insure:
Coverage A – Dwelling. We insure against all risks of physical loss to the property described in Coverage A (Dwelling) unless the loss is excluded in General Exclusions. Coverage B (Personal Property). We insure for direct physical loss to the property described in Coverage B (Personal Property) caused by a peril listed below unless the loss is excluded in General Exclusions.
Coverage A – Dwelling. Covered Property We cover:
Coverage A – Dwelling. At the actual cost to repair or replace.
Coverage A – Dwelling. (1) At the actual cost to repair or replace.
(2) We will initially pay at least the actual cash value of the insured loss, less any applicable deductible. We will then pay any remaining amounts necessary to perform such repairs as work is performed and expenses are incurred, subject to b.(1) and b.
Coverage A – Dwelling. Applies to your residence premises and protects your dwelling and structures attached to your dwelling. It also protects against covered loss to building materials located on your residence premises which are being used in connection with your residence premises.
Coverage A – Dwelling. We insure against all risks of physi- cal loss to the property described in Coverage A (Dwelling) unless the loss is excluded in General Exclusions. Coverage B (Personal Property). We insure for direct physi- cal loss to the property described in Coverage B (Personal Property) caused by a peril listed below unless the loss is excluded in General Exclusions.
Coverage A – Dwelling a. If the damage is repaired or replaced within a reasonable time, at the actual cost to repair or replace; or b. If the damage is not repaired or replaced within a reasonable time, at “actual cash value” but not more than the amount required to repair or replace. In this provision, the terms repaired or replaced do not include the increased costs incurred to comply with the enforcement of any ordinance or law, except to the extent that coverage for these increased costs may be provided in Section I – Property Coverages, Additional Coverages, Ordinance or Law. Loss Payment We will adjust all losses with you. We will pay you unless some other person is named in the policy or is legally entitled to receive payment. We will pay within: 1. 60 days after we reach an agreement with you; 2. 60 days after an appraisal award is filed, provided that appraisal award is not contested; or 3. 30 days after a final judgment is entered, provided that judgment is not appealed. Our Options We have the option to repair or replace any part of the damaged property with material or property of like kind and quality. We may also take all or part of the damaged property at the agreed or appraised value. Insurable Interest In the event of a covered loss, we will not be liable to an "insured" for more than the amount of such "insured's" interest in the covered property at the time of loss.
