FAQ ID # 145

ItcDataServices.com

Last Update : 2009/09/03
Rating : Not Rated
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Question / Issue
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

Maximum Eligible Replacement Cost Values per coverage:

  1. Building - $20,000,000 per building; unlimited number of buildings per location and unlimited per policy.
  2. Contents or Business Personal Property - Up to $20,000,000 of contents per building; unlimited number per location and unlimited per policy.
  3. 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:

  1. Building - Maximum policy limit = $2,5000,000 per building; Minimum policy limit = $100,000 per building.
  2. Contents or Business Personal Property - Maximum policy limit = $2,000,000 per scheduled location; Minimum policy limit= No minimum limit.
  3. Business Income/Extra Expense - Maximum policy limit = $500,000 per building; Minimum policy limit = No minimum limit.


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http://www.itcdataservices.com/support/trfaq/?f=145

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Minimum maximum policy limits replacement cost value
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