Our insured has an HO 00 03 10 00 with endorsement HO 04 11 10 00 additional limits of liability for coverages A, B, C, and D attached. The dwelling was destroyed by fire, and the insured is thinking of purchasing another residence rather than rebuilding. The insurer insists that the dwelling must be rebuilt on the insured residence premises in order to receive the benefit of the coverage.
We do not think this is the intent of the endorsement, and would like your thoughts.
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