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�' � E lanation of Buildin Re lacement Cost Benefits 9!8/2010 7:12 PM � � � g A fusu.'�.u:ci Homeawner Policy Dwelling Extension To: Name: LEDSTROM, GAII., Address: 3465 COUNTy ROAD 6 City: LONG LAKE State/Zip: MN,55356-9657 I�isured: LEDSTROM, GAIL Claim Number: 23-L339-492 Date of Loss: 6/25/2010 Cause of Loss: HATT Your insurance policy provides repiacement cost coverage for some or ali of the loss or damage to your dweliing or structures. Replacement cost coverage pays the actual and necessary cost of repair or repiacement,without a deduction for depreciation,subject to your poficy's limit of liability.To receive replacement cost benefits you must: 1. Complete the actual repair or replacement of the damaged part of the property within two years of the date of loss;and 2. Notify us within 30 days af�er the work has been completed. 3. Confirm completion of repair or replacement,by submitting invoices, receipts or other documenta6on to your agent or claim office. Until these requirements have been satisfied, our payment(s)to you will be for the actual cash vaiue of the damaged part of the property, which may include a deducfion for depreciation. Without waiving the above requirements,we will consider paying replacement cost benefits prior to actual repair or replacement if we determine repair or replacement costs will be incurred because repairs are substantially under way or you present a signed contract acceptabls to us. The estimate to repair or replace your damaged property is$5,719.76.The enclosed claim a cash value of the damaged property at the time of loss,less any deductible that ma a I .W determ ned the actual cashf value by ual deducting depreciation from the estimated repair or replacement cost. Our estimate details the depreciation applied to your loss. Based on our estimate,the addifional amount avaifable to you for replacement cost benefits(recoverable depreciation)is$1,105.93. If you cannot have the repairs completed for the repairlreplacement cost estimated,please contact your claim representafive prior to beginning repairs. All policy provisions apply to your claim. Any person who submits an application or files a claim with irrtent to defraud or helps commit a fraud against an insurer is guilty of a crime. 120563.6 O1-25-2010 Page: 5