Dwelling Building and Detached Private Structures Sample Clauses

Dwelling Building and Detached Private Structures. For loss or damage sustained by property insured under “Coverage A – Dwelling Building” or “Coverage B – Detached Private Structures”, we will pay for insured loss based on one of the two options below. If the conditions of “Option 1 – Repair or Replacement Cost Without Deduction for Depreciation” are not met, we will pay for the insured loss or damage based on “Option 2 – Actual Cash Value”.

Dwelling Building and Detached Private Structures. If you repair or replace the damaged or destroyed building on the same location with a building of the same occupancy constructed with materials of similar quality within a reasonable time after the damage we will pay the cost of repairs or replacement (whichever is less) without deduction for depreciation. If you do not repair or replace we will pay the actual cash value of the damage on the date of occurrence. In determining the cost of repairs or replacement we will not pay or include the increased costs of repair or replacement due to the operation of any law regulating the zoning, demolition, repair or construction of buildings and their related services.

Dwelling Building and Detached Private Structures. If you repair or replace the damaged or destroyed building on the same location with a building of the same occupancy constructed with materials of similar quality within a reasonable time after the damage we will pay the cost of repairs or replacement (whichever is less) without deduction for depreciation. If you do not repair or replace we will pay the actual cash value of the damage on the date of occurrence. In determining the cost of repairs or replacement we will not pay or include the increased costs of repair or replacement due to the operation of any law regulating the zoning, demolition, repair or construction of buildings and their related services. If you have insurance on specifically described property, this policy will be considered excess insurance and we will not pay any loss or claim until the amount of such other insurance is used up. In all other cases, we will pay our ratable proportion of the loss or claim under this policy. We will pay the Actual Cash Value of the damage up to the applicable amount of insurance. The following conditions apply to the coverage provided by Section I of this policy. In the case of loss or damage to any article(s) which is (are) part of a set the measure of loss of or damage to such article(s) will be a reasonable and fair proportion of the total value of the set, but in no event will such loss or damage be construed to mean total loss of the set.

Dwelling Building and Detached Private Structures. If you repair or replace the damaged or destroyed building on the same location with a building of the same occupancy constructed with materials of similar quality within a reasonable time after the damage, you may choose as the basis of loss settlement either (A) or (B) below; otherwise settlement will be as in (B). In the event your “dwelling building” is a mobile home, loss settlement will be as provided in clause (B), Actual Cash Value.

Dwelling Building and Detached Private Structures. If you are a “homeowner” and you repair or replace the damaged or destroyed building on the same location with a building of the same “occupancy” constructed with materials of similar quality within a reasonable time after the damage, you may choose as the basis of loss settlement either (a) or (b) below; otherwise settlement will be as in (b). (a) The cost of repairs or “replacement” (whichever is less) without deduction for depreciation, in which case we will pay in the proportion that the applicable amount of insurance bears to 80 percent of the “Replacement Cost” of the damaged building at the date of damage, but not exceeding the actual cost incurred; (b) The Actual Cash Value of the damage at the date of the occurrence. In determining the cost of repairs or “replacement” under (a) or the amount payable under (b) above, we will not pay or include the increased costs of repair or “replacement” due to the operation of any law regulating the zoning, demolition, repair or construction of buildings and their related services.

Dwelling Building and Detached Private Structures. If you repair or replace the damaged or destroyed building on the same location with a building of the same “occupancy” constructed with materials of similar quality within a reasonable time after the damage, you may choose as the basis of loss settlement either (a) or (b) below; otherwise, settlement will be as in (b). (a) The cost of repairs or “replacement” (whichever is less) without deduction for depreciation, in which case we will pay in the proportion that the applicable amount of insurance bears to 80 percent of the “Replacement Cost” of the damaged building at the date of damage, but not exceeding the actual cost incurred. (b) The Actual Cash Value of the damage at the date of the occurrence. In determining the cost of repairs or “replacement” under (a) or the amount payable under (b) above, we will not pay or include the increased costs of repair or “replacement” due to the operation of any law regulating the zoning, demolition, repair or construction of buildings and their related services.

Dwelling Building and Detached Private Structures. We will pay for insured loss of or damage to the dwelling building and detached private structures as described below.