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Lindstrom CIleaning& Construction,Inc <br /> I <br /> 9621 10th Aven ie North <br /> Plymouth,Mn.$5441-5098 <br /> 763-544-8761 <br /> Fed TIN 41-084'7540 <br /> A payment has been sent to you under separate cover. <br /> Attached you will find a form called"Replacement Cost Explanation of Payment".Please keep this form until the repairs are <br /> completed as it outlines the amounts paid and payable to you once the damages are replaced. <br /> For information explaining the process to recover depreciation or any questions regarding the estimate of damages please refer to <br /> the Frequently Asked Questions listed below. <br /> Frequently Asked Questions <br /> The following will answer some}zif your questions on your claim.It does not alter,delete,or replace any of the terms or <br /> conditions of your policy <br /> I have a replacement cost polic',but my settlement was based upon a depreciated value,or Actual Cash Value(ACV). <br /> What is actual cash value? <br /> Actual cash value is the amounti would cost to repair or replace covered property with material of like kind and quality,less a <br /> deduction for physical deteriorati n and depreciation,including obsolescence. <br /> Depreciation is applied because ou can elect not to repair or replace any or all of your damages,although in most cases,it is <br /> highly recommended.The polic provides for an actual cash value payment until your damage has been repaired or replaced. <br /> What is replacement cost(RC )? <br /> Replacement cost is the cost to repair or replace the damaged property with and item of like kind and quality,without the <br /> deduction for depreciation. <br /> How do I receive payment for 11 replacement cost? <br /> You must notify us of your inten to replace the property within 180 days of the date of loss.If you have a signed,executed <br /> contract for the repairs,please se d us a copy;or,upon completing the repairs you will need to send in your receipts or invoices. <br /> If your repairs are less than the a timated amount,you may only recover up to the actual cost of the repairs. <br /> What if I anticipate the repair ost will be different than the amount listed? <br /> You must contact us immediatel to discuss the matter further,prior to proceeding with the repairs.If you have a contractor <br /> assigned to complete the work w may ask for a detailed written estimate for our review. <br /> What if I want to perform the epairs myself'?Will I still be able to collect the full replacement cost of my claim? <br /> You may elect to perform any of the repairs that you choose that are included in our estimate.If you choose to perform the <br /> repairs yourself,please notify yo1r Claims Representative.We will work to ensure that you will be reimbursed for the reasonable <br /> expenses incurred. <br /> Where do I send the receipts,invoices or contract? <br /> You may fax the receipts/invoices/contract to(866)809-1955.Please be sure to include a cover page with your name and claim <br /> number.Or,you can mail them to: <br /> The Hartford Insurance <br /> P.O.Box 14265 <br /> Lexington,KY 40512-4265 <br /> What if I have any other questi Dns? <br /> Your Claims Representative will be glad to address any questions or concerns regarding your file.Please contact your <br /> representative at. Thank you forl allowing me to assist you in your property damage loss. <br /> JUDY_&_GEORG E_RE VISE 8/11/2016 Page: 3 <br />