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Agenda - Council - 01/10/2023
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Agenda - Council - 01/10/2023
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Meetings
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Agenda
Meeting Type
Council
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01/10/2023
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Important notices <br />Policy number: 1922 527 0231 <br />Policy effective date: August 31, 2022 <br />Dwelling Profile <br />Allstate has determined that the estimated cost to replace <br />your home is: $458,993 <br />The enclosed Policy Declarations shows the limit of liability <br />applicable to Dwelling Protection -Coverage A of your <br />homeowners insurance policy. The estimated replacement <br />cost of your home is the minimum amount for which we will <br />insure your home. <br />The decision regarding the limit applicable to your Dwelling <br />Protection -Coverage A is your decision to make, as long as, at <br />a minimum, your limit equals the estimated replacement cost <br />as determined by Allstate and does not exceed maximum <br />coverage limitations established by Allstate. <br />It is important to keep in mind that your Coverage A limits <br />reflect a replacement cost that is only an estimate based on <br />data that was available to us when we made this estimate (this <br />information is described in the "Rating Information" section of <br />your Policy Declarations). The actual amount it will cost to <br />replace your home cannot be known until after a covered total <br />loss has occurred. <br />How is the replacement cost estimated? <br />Many factors can affect the cost to replace your home, <br />including its age, size, and type of construction. For example, <br />the replacement cost uses construction data, such as labor and <br />materials, that are available to us when we made this estimate. <br />This estimate is also based on characteristics of the home, <br />which include information that you provided to us. You might <br />have chosen to insure your home for a higher amount than the <br />estimated replacement cost shown above. <br />Note to customers renewing their policy <br />The estimated replacement cost for your home may have <br />changed since the last time we communicated this information <br />to you. This is because, at renewal, Allstate uses the home <br />characteristics that you have provided to us to recalculate and <br />update the estimated replacement cost. Using updated labor <br />and material rates for your zip code, Allstate takes the home <br />characteristics you have provided and determines the updated <br />estimated replacement cost. The information about your <br />home's characteristics is provided in the "Rating Information" <br />section of your Policy Declarations. <br />Please note: Your Dwelling information is used to estimate <br />your home replacement cost. It's important to review and <br />update this information so we're using the most accurate <br />details to estimate your home's replacement value. <br />Page 1 of 1 <br />If the information about your home shown in your Policy <br />Declarations requires any change or if you have any questions <br />or concerns about the information contained in this Important <br />Notice, please contact your Allstate representative, or call us <br />at 1-800-ALLSTATE®. <br />X67831-2 <br />065 070 022 <br />221212S000240 <br />PRO R02MN2022121222343101A-000168-005-0-00-00 <br />
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