Common use of Limits of Coverage Clause in Contracts

Limits of Coverage. a. Structures are covered for replacement cost up to 125% of the value reported except as otherwise stated. b. Other structures shall be covered up to 20% of the associated building’s replacement cost.

Limits of Coverage. a. Structures are covered for replacement cost up to 125% of the value reported except as otherwise stated. b. Other structures shall be covered up to 20% of the associated building’s replacement replace- ment cost.

Limits of Coverage. a. Structures are covered for replacement cost up to 125% of the value reported except as otherwise stated. b. Other structures shall be covered up to 20% of the associated building’s replacement replace-ment cost.