Loss Settlement - Special Loss Settlement

Special loss settlement conditions apply to a single-family dwelling that is:

  • A manufactured or mobile home or travel trailer
  • At least 16 feet wide when fully assembled and has an area of at least 600 square feet within its perimeter walls when fully assembled
  • The policyholder’s principal residence

If the dwelling is totally destroyed or damaged the extent that it is not economically feasible to repair to at least pre-damage condition, the policy pays the least of the following:

  • The lesser of the replacement cost of the dwelling or 1.5 times the Actual Cash Value
  • The building limit of liability shown on the Declarations Page
Hierarchical diagram. Top box labeled Loss Settlement Methods. Three boxes underneath labeled, left to right, Replacement Cost, Special Loss Settlement, Actual Cash Value ACV. Special Loss Settlement box is highlighted.