Common use of Loss Settlement Clause in Contracts

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as followsfol- lows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability ac- cording to the provisions of this Condition E. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is are provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until unless: (a) actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if com- plete; or (b) the cost to repair or replace the damage is both: (1i) Less less than 5% of the amount of insurance insur- ance in this policy on the building; and (2ii) Less less than $2,500;2500. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability on a re- placement cost basis.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction de- duction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500; (2) above whether or not actual repair or replacement is com- plete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability accord- ing to the provisions of this Condition 3. Loss Settlement.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section Sec- tion I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without af- ter application of any deductible and with- out deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any de- ductible and without deduction for depreciationde- preciation, that part of the building damageddam- aged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement replace- ment cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until unless: (a) actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if com- plete; or (b) the cost to repair or replace the damage is both: (1i) Less less than 5% of the amount of insurance insur- ance in this policy on the building; and (2ii) Less less than $2,500;2500. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability on a replacement cost basis.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent ex- tent that coverage for these increased costs is are provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdeprecia- tion, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction de- duction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability liabil- ity under this policy that applies to the buildingbuild- ing: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required re- quired to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement re- placement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability according to the provisions of this Condition C. Loss Set- tlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as followsfol- lows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability ac- cording to the provisions of this Condition E. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property a. Our limit of liability and payment for covered losses to personal property, wall to wall carpeting, cloth awnings and fences will not exceed the smallest of the following typesfollowing: a. Personal property;(1) the actual cash value at the time of loss determined with proper deduction for depreciation. (2) the cost to repair or replace the damaged property with material of like kind and quality, with proper deduction for depreciation; or (3) the specified limit of liability of the policy. b. Awnings, carpeting, household appliances, outdoor antennas Our limit of liability for covered losses to dwelling and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered other structure(s) under Coverage A or B (Dwelling), except wall to wall carpeting, cloth awnings and fences, will be at replacement cost without deduction for depreciation, settlement subject to the following: a. (1) If, at the time of loss, the amount coverage A (Dwelling) limit of insurance in this policy on the damaged building liability is 80% or more of the full replacement cost of the building immediately before the lossdwelling, we will pay the cost to repair or replacereplacement cost of the damaged building structure(s), without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building;. (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount Coverage A (Dwelling) limit of insurance in this policy on the damaged building liability is less than 80% of the full replacement cost of the dwelling, we will pay only a proportionate share of the full replacement cost of the damaged building immediately before structure(s). Our share is equal to: (3) If, at the time of loss, the actual cash value of the damaged building structure(s) is greater than the replacement cost determined under (1) or (2) above, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value up to the applicable limit of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine liability. In determining the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the lossdwelling, do not include the value of: (1) Excavationsof excavations, footingsunderground pipes, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above and wiring and foundations which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. ground. We will pay no more than only the actual cash value of the damage damaged building structure(s) until actual repair or replacement is completecompleted. Once actual repair Repair or replacement is completemust be completed within 365 days after loss unless you request in writing that this time limit be extended for an additional 180 days. Upon completion of repairs or replacement, we will settle pay the loss as noted in 2.a. and b. above. Howeveradditional amount claimed under replacement cost coverage, if but our payment will not exceed the smallest of the following: (1) the limit of liability under this policy applicable to the damaged or destroyed building structure(s); (2) the cost to repair or replace that part of the damage is both:building structure(s) damaged, with material of like kind and quality and for the same use and occupancy on the same premises; or (13) Less than 5% of the amount of insurance in this policy on actually and necessarily spent to repair or replace the building; and (2) Less than $2,500;damaged building structure(s).

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as followsfol- lows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest low- est basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building build- ing is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replacere- place, without after application of deductible and wi th out deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building build- ing is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following follow- ing amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that th at part of the building xxx lding damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required re- quired to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface under- surface of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until unless: (a) actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if com- plete; or (b) the cost to repair or replace the damage is both: (1i) Less less than 5% of the amount of insurance in- surance in this policy on the buildingbu i ld- ing; and (2ii) Less less than $2,500;2500. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability on a replacement cost basis.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings“floating home”; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings Residential Floating Home covered under Coverage A or B at "replacement cost cost" without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building “floating home” is 80% or more of the full "replacement cost cost" of the building “floating home” immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building“residential floating home”; (2) The "replacement cost cost" of that part of the building “residential floating home “damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building“residential floating home”. . b. If, at the time of loss, the amount of insurance in this policy on the damaged building “residential floating home” is less than 80% of the full "replacement cost cost" of the building “residential floating home” immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The "actual cash value value" of that part of the building “residential floating home” damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building “residential floating home” damaged, which the total amount of insurance in this policy on the damaged building “residential floating home” bears to 80% of the "replacement cost cost" of the building“residential floating home”. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the "actual cash value value" of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% five percent of the amount of insurance in this policy on the building; and (2) Less than $2,500; d. You may disregard the "replacement cost" loss settlement provisions and make claim under this policy for loss to “residential floating home” on an "actual cash value" basis. You may then make claim for any additional liability according to the provisions of this Condition C. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss. Includes copyrighted material of

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500; (2) above whether or not actual repair or replacement is com- plete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability accord- ing to the provisions of this Condition 3. Loss Settlement.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. (3) Structures that are not buildings; and d. Grave markers(4) Driveways, including mausoleumswalkways or fences; 2. b. Buildings covered under Coverage COVERAGE A - Dwelling or COVERAGE B – Other Structures at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. We (4) For losses under COVERAGE A - Dwelling, and for losses to buildings covered under COVERAGE B - Other Structures, we will pay the actual cost to repair or replace subject to b.(1) above. However, we will initially pay no more than the “actual cash value value” of the damage until actual repair or replacement insured loss, less any applicable deductible. We will pay any remaining amounts necessary to perform such repairs as work is completeperformed and expenses are incurred. Once actual repair or replacement is completeIf a total loss of the dwelling occurs, we will settle pay the loss as noted replacement cost coverage without reservation or hold back of any depreciation in 2.a. and b. abovevalue up to the limit listed on the declarations for COVERAGE A - Dwelling. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2,500 we will settle the loss as noted in b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) If the dwelling where loss or damage occurs has been “vacant” or “unoccupied” for more than (30) consecutive days before the loss or damage, we will:

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts:; (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building.; b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building:. (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance Insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of:insurance (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance is in this policy on the building; and (2b) Less than $2,5002500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500; (2) above whether or not actual repair or replacement is com- plete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability accord- ing to the provisions of this Condition 3. Loss Settlement.

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section Sec- tion I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without af- ter application of any deductible and with- out deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any de- ductible and without deduction for depreciationde- preciation, that part of the building damaged, which the total amount of insurance in- surance in this policy on the damaged building bears to 80% of the replacement replace- ment cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows:at actual cash value at the time of loss but not more than the amount required to repair or replace the damaged property. (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost Replacement Cost without deduction for depreciation, depreciation subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies applying to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3c) The the necessary amount actually spent to repair or replace the damaged building, on the premises described in the policy, or some other location within the State of North Carolina. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damageddamage, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before prior to the loss, loss do not include the value of: (1a) Excavationsexcavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. 5.b.(1) and b. 5.b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less less than 5% of the amount of insurance in this policy on the building; and (2b) Less less than $2,500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is are provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without af- ter application of any deductible and with- out deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any de- ductible and without deduction for depreciationde- preciation, that part of the building damaged, which the total amount of insurance in- surance in this policy on the damaged building bears to 80% of the replacement replace- ment cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following typestype: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction de- duction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is are provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building.. Sample Copy b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;; Sample Copy e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability according to the provisions of this Condition C. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,5002500; (2) above whether or not actual repair or replacement is complete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as followsfol- lows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the buildingbuild- ing. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability ac- cording to the provisions of this Condition E. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage 9. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest low- est basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.E., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums;at "actual cash value" at the time of loss but not more than the amount required to repair or replace. 2. Buildings covered under Coverage A or B at "replacement cost cost" without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full "replacement cost cost" of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The "replacement cost cost" of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. If the building is rebuilt at a new premises, the cost described in (2) above is limited to the cost which would have been incurred if the building had been built at the original premises. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full "replacement cost cost" of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The "actual cash value value" of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the "replacement cost cost" of the building. c. To determine the amount of insurance required to equal 80% of the full "replacement cost cost" of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, building which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the "actual cash value value" of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% five percent of the amount of insurance in this policy on the building; and (2b) Less than $2,500;; we will settle the loss as noted in 2.a. and b. above whether or not actual repair or replacement is complete. e. You may disregard the "replacement cost" loss settlement provisions and make claim under this policy for loss to buildings on an "actual cash value" basis. You may then make claim for any additional liability according to the provisions of this Condition E. Loss Settlement provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without after deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement base-ment floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2500; we will settle the loss according to the provisions of b.(1) and b.(2) above whether or not actual repair or application of deductible and without replacement is complete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability according to the provisions of this Condition 3. Loss Settlement. However, no claim will be denied based upon the insured's failure to provide notice within such specified time, unless this failure operates to prejudice the rights of the insurer, as per Missouri regulation 20CSR100-1.020.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. Awnings, carpeting(2) Carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and; (3c) Underground flues, pipes, wiring and drains; and (d) Structures and other property excluded or not covered elsewhere in your policy. d. (4) We will initially pay no more than at least the actual cash value of the damage until actual repair or replacement insured loss, less any applicable deductible. We will then pay any remaining amounts necessary to perform such repairs as work is complete. Once actual repair or replacement is completeperformed and expenses are incurred, we will settle the loss as noted in 2.a. subject to b.(1) and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;b.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11E. 7. Ordinance Or Law under Section Sec- tion I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.E., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverages F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy Policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy Policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy Policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy Policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy Policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy Policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following typestype: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2500; we will settle the loss according to the provisions of b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability according to the provisions of this Condition 3. Loss Settlement.

Loss Settlement. In this Condition D.C., the terms "“cost to repair or replace" ” and "“replacement cost" ” 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums;; Sample Copy 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building.to b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of:: Sample Copy (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both:in (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. Awnings, carpeting(2) Carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage COVERAGE A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after appli- cation of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement base- ment floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and; (3c) Underground flues, pipes, wiring and drains; and (d) Structures and other property excluded or not covered elsewhere in your policy. d. (4) We will initially pay no more than at least the actual cash value of the damage until actual repair or replacement insured loss, less any applicable deductible. We will then pay any remaining amounts necessary to perform such repairs as work is complete. Once actual repair or replacement is completeperformed and expenses are incurred, we will settle the loss as noted in 2.a. subject to b.(1) and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;b.

Loss Settlement. In this Condition D.C., the terms "“cost to repair or replace" ” and "“replacement cost" ” 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and; d. Grave markers, including mausoleums; e. cesspools, septic tanks and septic fields; and f. swimming pools at actual cash value at the time of loss but not more than the amount required to repair or replace. 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. If the building is rebuilt at a new premises, the cost described in (2) above is limited to the cost which would have been incurred if the building had been built at the original premises. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;; we will settle the loss as noted in 2.a. and

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2500; we will settle the loss according to the provisions of b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability according to the provisions of this Condition 3. Loss Settlement.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11E. 7. Ordinance Or Law under Section Sec- tion I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or or (2) That proportion of the cost to repair or replace, without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. Awnings, carpeting(2) Carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair of replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (d) Structures and other property excluded or not covered elsewhere in your policy. (4) We will initially pay no more than at least the actual cash value of the damage until actual repair or replacement is completeinsured loss, less any applicable deductible. Once actual repair or replacement is complete, we We will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;then pay any remaining amounts necessary to

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or re- place. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until unless: (a) actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if com- plete; or (b) the cost to repair or replace the damage is both: (1i) Less less than 5% of the amount of insurance insur- ance in this policy on the building; and (2ii) Less less than $2,500;1000. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability on a replacement cost basis.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage COVERAGE A - Dwelling or COVERAGE B – Other Structures at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. We (4) For losses under COVERAGE A - Dwelling, and for losses to buildings covered under COVERAGE B - Other Structures, we will pay the actual cost to repair or replace subject to b.1 above. However, we will initially pay no more than the “actual cash value value” of the damage until actual repair or replacement insured loss, less any applicable deductible. We will pay any remaining amounts necessary to perform such repairs as work is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. performed and b. above. However, if the cost to repair or replace the damage is both:expenses are incurred. (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2,500 we will settle the loss as noted in b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) If the dwelling where loss or damage occurs has been “vacant” or “unoccupied” for more than (30) consecutive days before the loss or damage, we will:

Loss Settlement. In this Condition D.E., the terms "“cost to repair or replace" ” and "“replacement cost" ” do not include the increased costs incurred to comply with the enforcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.13. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal propertyProperty; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building:of (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance Insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability according to the provisions of this Condition E. Loss Settlement, provided you notify us of your intent to so within 180 days after the date of loss. f. We may increase the limit of liability for Coverage A to reflect changes in the cost of construction according to published construction cost factors. The percentage change will be applied at the policy renewal date.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. Awnings, carpeting(2) Carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more than the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following Safepoint Insurance Company amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (d) Structures and other property excluded or not covered elsewhere in your policy. (4) We will initially pay no more than 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.(2) above. Homeowners SIC HO-3 12 18 If a total loss of the dwelling occurs, the provisions of b.(4) above do not apply and we will pay the replacement cost coverage without reservation or holdback of any depreciation in value, pursuant to Section 627.702, Florida Statutes. This does not prohibit us from exercising our right to repair damaged property in compliance with this policy and pursuant to Section 627.702(7), Florida Statutes. (5) If the dwelling where loss or damage until actual repair occurs has been “vacant” for more than 30 consecutive days before the loss or replacement is completedamage we will: (a) Not pay for any loss or damage caused by any of the following perils, even if they are a PERIL INSURED AGAINST: (i) Vandalism; (ii) Malicious mischief; (iii) Sprinkler leakage caused by or arising out of the freezing of a fire protective sprinkler system, unless you have protected the system against freezing; (iv) Dwelling glass breakage; (v) Water damage; (vi) Theft; or (vii)Attempted theft. (b) Reduce the amount we would otherwise pay for a covered loss by 15%. Once actual repair Dwellings under construction are not considered “vacant”. (6) In the event of a “catastrophic ground cover collapse,” any repairs must be made in accordance with the recommendations of our professional engineer. If our professional engineer selected or replacement is completeapproved by us determines that the repairs cannot be completed within the applicable Limit of Insurance, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both:at our option; either; (1a) Less than 5% of Complete the amount of insurance in this policy on the buildingprofessional engi- xxxx’x recommended repairs; andor (2b) Less than $2,500;Pay the policy limits without a reduction for the repair expenses incurred.

Loss Settlement. In this Condition D.C., the terms "“cost to repair or replace" ” and "“replacement cost" ” 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 is provided in E.11E.8. Ordinance Or Law under Section I – Property CoveragesPROPERTY COVERAGES. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpetingCarpeting, household appliances, outdoor antennas appliances and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and; (3) Underground flues, pipes, wiring and drains; and (4) Structures and other property excluded or not covered elsewhere in your policy. d. We will initially pay no more than at least the actual cash value of the damage until actual repair or replacement insured loss, less any applicable deductible. We will then pay any remaining amounts necessary to perform such repairs as work is complete. Once actual repair or replacement is completeperformed and expenses are incurred, we will settle the loss as noted in subject to 2.a. and b. 2.b. above. HoweverIf a total loss of the dwelling occurs, if the provisions of 2.d. above do not apply and we will pay the replacement cost coverage without reservation or holdback of any depreciation in value, pursuant to Section 627.702, Florida Statutes. This does not prohibit us from exercising our right to repair or replace the damage is both: (1) Less than 5% of the amount of insurance damaged property in compliance with this policy on the building; and (2) Less than $2,500;and pursuant to Section 627.702(7), Florida Statutes.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following typestype: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is are provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property a) Our limit of liability and payment for covered losses to personal property, wall to wall carpeting, cloth awnings and fences will not exceed the smallest of the following typesfollowing: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums1) the actual cash value at the time of loss determined with proper deduc- tion for depreciation; 2. Buildings ) the cost to repair or replace the damaged property with material of like kind and quality, with proper deduction for depreciation; or 3) the specified limit of liability of the policy. b) Our limit of liability for covered under losses to dwelling and other structure(s) un- der Coverage A or B (Dwelling), except wall to wall carpeting, cloth awnings and fences, will be at replacement cost without deduction for depreciation, settlement subject to the following: a. 1) If, at the time of loss, the amount Coverage A (Dwelling) limit of insurance in this policy on the damaged building liability is 80% or more of the full replacement cost of the building immediately before the lossdwelling, we will pay the re- pair or replacement cost to repair or replaceof the damaged building structure(s), without deduction for depreciation, but not more than the least of the following amounts:. (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount Coverage A (Dwelling) limit of insurance in this policy on the damaged building liability is less than 80% of the full replacement cost of the dwelling, we will pay only a proportionate share of the full replacement cost of the damaged building immediately before structure(s). Our share is equal to: 3) If, at the time of loss, the actual cash value of the damaged structure(s) is greater than the replacement cost determined under (1) or (2) above, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value up to the applicable limit of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine liability. In determining the amount of insurance required to equal 80% of the full replacement re- placement cost of the building immediately before the lossdwelling, do not include the value of: (1) Excavationsof excavations, footingsun- derground pipes, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above and wiring and foundations which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. ground. We will pay no more than only the actual cash value of the damage damaged building structure(s) until actual repair or replacement is completecompleted. Once actual repair Repair or replacement is completemust be completed within 365 days after loss unless you request in writing that this time limit be extended for an additional 180 days. Upon completion of re- pairs or replacement, we will settle pay the loss as noted in 2.a. and b. above. Howeveradditional amount claimed under re- placement cost coverage, if but our payment will not exceed the smallest of the following: 1) the limit of liability under this policy applicable to the damaged or de- stroyed building structure(s); 2) the cost to repair or replace the damage is both: (1) Less than 5% that part of the amount building structure(s) dam- aged, with material of insurance in this policy like kind and quality and for the same use and oc- cupancy on the buildingsame premises; andor (23) Less than $2,500;the amount actually and necessarily spent to repair or replace the dam- aged building structure(s).

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows:at actual cash value at the time of loss but not more than the amount required to repair or replace the damaged property. (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost Replacement Cost without deduction for depreciation, depreciation subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies applying to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3c) The the necessary amount actually spent to repair or replace the damaged building, on the premises described in the policy, or some other location within the State of North Carolina. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building.after c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before prior to the loss, loss do not include the value of: (1a) Excavationsexcavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. 5.b.(1) and b. 5.b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less less than 5% of the amount of insurance in this policy on the building; and (2b) Less less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage COVERAGE A - Dwelling or COVERAGE B – Other Structures at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. We (4) For losses under COVERAGE A - Dwelling, and for losses to buildings covered under COVERAGE B - Other Structures, we will pay the actual cost to repair or replace. However, we will initially pay no more than the “actual cash value value” of the damage until actual repair or replacement insured loss, less any applicable deductible. We will pay any remaining amounts necessary to perform such repairs as work is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. performed and b. above. However, if the cost to repair or replace the damage is both:expenses are incurred. (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2,500 we will settle the loss as noted in b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) If the dwelling where loss or damage occurs has been “vacant” or “unoccupied” for more than (30) consecutive days before the loss or damage, we will:

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following types: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. (3) Structures that are not buildings; and d. Grave markers(4) Driveways, including mausoleumswalkways or fences; 2. b. Buildings covered under Coverage COVERAGE A - Dwelling or COVERAGE B – Other Structures at replacement cost without deduction for depreciation, subject to the following:deduction a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. We (4) For losses under COVERAGE A - Dwelling, and for losses to buildings covered under COVERAGE B - Other Structures, we will pay the actual cost to repair or replace subject to b.(1) above. However, we will initially pay no more than the “actual cash value value” of the damage until actual repair or replacement insured loss, less any applicable deductible. We will pay any remaining amounts necessary to perform such repairs as work is completeperformed and expenses are incurred. Once actual repair or replacement is completeIf a total loss of the dwelling occurs, we will settle pay the loss as noted replacement cost coverage without reservation or hold back of any depreciation in 2.a. and b. abovevalue up to the limit listed on the declarations for COVERAGE A - Dwelling. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance in this policy on the building; and (2b) Less than $2,500;2,500 we will settle the loss as noted in b.(1) and b.(2) above whether or not actual repair or replacement is complete. (5) If the dwelling where loss or damage occurs has been “vacant” or “unoccupied” for more than (30) consecutive days before the loss or damage, we will:

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. C.7 Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. If the building is rebuilt at a new premises, the cost described in (2) above is limited to the cost which would have been incurred if the building had been built at the original premises. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;; we will settle the loss as noted in 2.a. and b. above whether or not actual repair or replacement is complete. e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability according to the provisions of this Condition C. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.E., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverage F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as followsfol- lows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability ac- cording to the provisions of this Condition E. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D.E., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement of any ordinance or law, law except to the extent that coverage for these increased costs is provided in E.11Other Coverages F.12. Ordinance Or Law under Section I – Property CoveragesLaw. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy Policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy Policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy Policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.C., the terms "“cost to repair or replace" re- place” and "“replacement cost" ” do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – — Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged buildingbuild- ing. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any de- ductible and without deduction for depreciationde- preciation, that part of the building damaged, which the total amount of insurance in- surance in this policy on the damaged building bears to 80% of the replacement replace- ment cost of the building. c. To determine the amount of insurance required re- quired to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices de- vices that support all or part of the building, which are below the undersurface undersur- face of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability lia- bility under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy pol- icy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until unless: (a) actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if com- plete; or (b) the cost to repair or replace the damage is both: (1i) Less less than 5% of the amount of insurance insur- ance in this policy on the building; and (2ii) Less less than $2,500;2500. (5) You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss or damage to buildings on an actual cash value basis. You may then make claim within 180 days after loss for any additional liability on a re- placement cost basis.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: (1. Property of the following types: a. ) Personal property; b. (2) Awnings, carpetingcarpeting or other floor covering, household appliances, outdoor antennas antennas, and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; andat actual cash value at the time of loss but not more that the amount required to repair or replace. d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts:. (1a) The the limit of liability under this policy that applies to the building; (2b) The the replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The the necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance in this policy on the damaged building is less than that 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1a) The the actual cash value of that part of the building damaged; or (2b) That that proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1a) Excavations, footingsexcavations, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface of the lowest basement floor; (2b) Those those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no not basement; and (3) Underground c. underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;

Loss Settlement. In this Condition D.C., the terms "cost to repair or replacere- place" and "replacement cost" do not include the increased costs incurred to comply with the enforcement en- forcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciationdepre- ciation, subject to the following: a. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, af- ter application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deducti- ble and without deduction for depreciationdeprecia- tion, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle set- tle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2) Less than $2,500; e. You may disregard the replacement cost loss settlement provisions and make claim under this policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability ac- cording to the provisions of this Condition C. Loss Settlement, provided you notify us of your intent to do so within 180 days after the date of loss.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11E.10. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy Policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy Policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy Policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy Policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, after application of any deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy Policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage damaged property is both: (1) Less than 5% of the amount of insurance in this policy Policy on the building; and (2) Less than $2,5005,000; e. You may disregard the replacement cost loss settlement provisions and make claim under this Policy for loss to buildings on an actual cash value basis. You may then make claim for any additional liability according to the provisions of this Condition D. Loss Settlement, provided you notify us, within 180 days after the date of loss, of your intent to repair or replace the damaged building.

Loss Settlement. In this Condition D., the terms "cost to repair or replace" and "replacement cost" 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 is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. a. Property of the following typestype: a. (1) Personal property; b. (2) Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings;; and c. (3) Structures that are not buildings; and d. Grave markers, including mausoleums; 2. b. Buildings covered under Coverage A or B at replacement replace- ment cost without deduction for depreciation, subject to the following: a. (1) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of deductible and without deduction for depreciation, but not more than the least of the following amounts: (1a) The limit of liability under this policy that applies to the building; (2b) The replacement cost of that part of the building damaged with material of like kind and quality and for like useconstruction and use on the same premises; or (3c) The necessary amount actually spent to repair or replace the damaged building. b. (2) If, at the time of loss, the amount of insurance insur- ance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability li- ability under this policy that applies to the building: (1a) The actual cash value of that part of the building damaged; or (2b) That proportion of the cost to repair or replace, after application of deductible and without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. (3) To determine the amount of insurance required to equal 80% of the full replacement replace- ment cost of the building immediately before be- fore the loss, do not include the value of: (1a) Excavations, footings, foundations, piers, piers or any other structures or devices that support all or part of the building, supports which are below the undersurface undersur- face of the lowest basement floor; (2b) Those supports described in (1a) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3c) Underground flues, pipes, wiring and drains. d. (4) We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair re- pair or replacement is complete, we will settle the loss as noted in 2.a. according to the provisions of b.(1) and b. b.(2) above. However, if the cost to repair or replace the damage is both: (1a) Less than 5% of the amount of insurance insur- ance in this policy on the building; and (2b) Less than $2,5002500;