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Agenda - Council - 12/12/2023
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Agenda - Council - 12/12/2023
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3/13/2025 11:32:24 AM
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12/18/2023 11:38:57 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/12/2023
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Important notices Page 1 of 1 <br /> Policy number: 1922 527 023 <br /> Policy effective date: August 31,2022 <br /> Dwelling Profile If the information about your home shown in your Policy <br /> Declarations requires any change or if you have any questions <br /> Allstate has determined that the estimated cost to replace or concerns about the information contained in this Important <br /> your home is:$458,993 Notice,please contact your Allstate representative,or call us <br /> at 1-800-ALLSTATE®. <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 X67831-2 <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 o <br /> home's characteristics is provided in the"Rating Information" o <br /> section of your Policy Declarations. o <br /> Please note:Your Dwelling information is used to estimate 0 <br /> Cb <br /> your home replacement cost.It's important to review and o <br /> update this information so we're using the most accurate o <br /> details to estimate your home's replacement value. <br /> M <br /> 9t <br /> M <br /> N <br /> N <br /> N <br /> N <br /> r- <br /> N <br /> O N <br /> � O <br /> N O Z <br /> O O <br /> O rN <br /> Or- N O <br /> O � cl� <br /> Ln r- O <br /> �O N of <br /> 0(V a <br />
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