[blackdog]

Every policy we have ever had pays only for the replacement of the dwelling. IOW, no replacement, no checky.

[laotzu]

Every policy we have ever had pays only for the replacement of the dwelling. IOW, no replacement, no checky.

I was an underwriter for fifteen years, and have been in charge of all claims at my company for the past twelve.

It strikes me that you may be conflating a requirement of your leinholder as policy language.

Believe what you wish, but you are mistaken.

[IYAS9YAS]

Every policy we have ever had pays only for the replacement of the dwelling. IOW, no replacement, no checky.

My policy covers the replacement cost of the dwelling, a separate amount (more than enough) to replace contents of the dwelling, and any out-buildings (sheds, separate garage, etc...) caught up in the damage to the original dwelling. It costs me less than $50/month.