HomeMy WebLinkAboutinsurance info �' � 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
# LE�75TROM,GAII, S�ate Farm Insprance
III�d= LEDSTROM,GAIL, 23-L339-49
�OP�3"- 3465 COUIVTy ROA.D 6 Estimate: 23-L339-492
LONG LAI{E,IVil�j g5356-9657 Claim Number: 23_L339-492
Home: (952)473-8177 Policy Number:
TYpe of Loss; � 23-G8-6705-6
Dedacrible: �ce List: MN�9F �,10
$1,000_00 Restoration/Service/Remodel
Date of Loss: 6/25/Zp10
Date Inspe�te�: 7/102010 F=Factored in,D=Do Not Apply
Line Icem Total S�°�r9 for DweWng
Mad Sales Tax Reimb
Subtotal
� - 7��5�0 x 10,593.76 19,729.71
Cleaning Sales Tax ?70.70
@ 7.2754'o x $6.42 20,500.41
Replacement Cost�7alue
6.29
Less Depreciation(lnclnding Taxes)
�s�educNble 20,506.70
Net Actual Cash Vaiue Payment (6,420.Z5)
f�,Otl0.00)
$13,086.45
Max�imnm Additional Amounts Ava�7able If Incurnd:
Total Line item Depr���Rnciuding Taxes)
Total M,vcim�Ad��oII��ounl Available If Iocu�red 6,420.25
Tota1 Amoant of Claim if in�d �
6,420.25
� $19,506.70
Punke,Sheliy ,
(866)787-8676 x 3204
ALL AMOUN'I'S pAyAgI,E�S��CT TO
L�IITS OF.YOUR POLICY. �TE�MS, CONDI'i'IONS A1VD
Date: 9/8/2p10 7;12 plVl
Page:2
r , .
' � �(�"�'e-� -�i �' ` � -�l� w W-��
� J �✓l.�s T�la-!�- �
I'�n.5 S /� S i-�'►�l,L�%/
� 2 ��� �.
.
� 2� � f� ?
�, _
�r���� c r�f�2 k a�'' �3 � 3 Y :;.
;
; ;,=,_ --_
i �, _ 0 _ ;y a_ -� . _ Z 16
�7��j�c pt,�
7�C��� o c�o
i .
i �