Question / Issue |
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What are the maximum Eligible Replacement Cost Values per coverage type (Building, Contents,BI/EE) and what are the Maximum and Minimum Policy Limits? |
Answer / Solution |
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Maximum Eligible Replacement Cost Values per coverage:
- Building - $20,000,000 per building; unlimited number of buildings per location and unlimited per policy.
- Contents or Business Personal Property - Up to $20,000,000 of contents per building; unlimited number per location and unlimited per policy.
- Business Income/Extra Expense - Up to $10,000,000 of Business Income/Extra Expense, unlimited per building or location and unlimited per policy.
Minimum and Maximum Policy Limits per coverage:
- Building - Maximum policy limit = $2,5000,000 per building; Minimum policy limit = $100,000 per building.
- Contents or Business Personal Property - Maximum policy limit = $2,000,000 per scheduled location; Minimum policy limit= No minimum limit.
- Business Income/Extra Expense - Maximum policy limit = $500,000 per building; Minimum policy limit = No minimum limit.
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