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Question: As part of a loss settlement, covered damage to a building is reported in excess of 180 days from the date of loss (but within two years). The delay is not prejudicial to the company. Sections “d” and “e” of the loss settlement are creating some confusion. Is there a way for the insured to be eligible for replacement cost since they cannot notify us of their intent to do so within 180 days? Where would an actual cash value payment fall into this?
— Illinois Subscriber
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