Farm and Ranch - What is the Structure Limit for Coverage O on Farm and Ranch Policies
The Structure Limit refers to how much coverage they want fort the structure. It can not be less than 80% of the replacement cost, even if they have selected "Actual Cash Value."
For Example: In the quote below, the Replacement Cost is $27,479.00. 80% of the Replacement Cost ($27,479.00) would be $21.984. Therfore, the Structure Limit can not be less than $21,984.
