Common use of Dwelling Building and Detached Private Structures Clause in Contracts

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. 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”.