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ffi <br />98-BJ-G478-3 023861 <br />FE-366 1 C <br />Page 1 of 1 <br />IMPORTANT NOTICE <br />Regarding Changes to Your Policy <br />FE3661 ACTUAL CASH VALUE ENDORSEMENT is added to your State Farm@ policy and replaces FE- <br />3650 AGTUAL CASH VALUE ENDORSEMENT. <br />Note the following changes to your policy. Changes that broaden coverage without additional premium <br />are effective immediately on the date first adopted in your state. All other changes are effective with this <br />policy term. <br />. DEFINITIONS, the definition of actual cash value has been revised to remove reference to labor as a <br />component in the calculation of pre-loss depreciation. <br />The endorsement follows this notice. Please read the endorsement and place it with your policy. lf you <br />have any questions, please contactyour State Farm agent. <br />DISCI,AIMER: This nobce only yovides a genmlsumwy of changx b your SbE Farm Wticy. This notice is not a statenF'nt of contact This nolice dM not <br />chawe, npdu, ff invalidate he rrovisions, terms, 6 conditions as set forf, ih yor State Fam wlicy boohtet he mast recently kstad declantons, and any <br />a Wl ica b b e ndo rse np nts. <br />FE.3661 ACTUAL CASH VALUE ENDORSEMENT <br />The following is added to any provision which uses the term "actual cash value": <br />Actual cash value means the value of the damaged part of the property at the time of loss, calculated as the estimated cost <br />to repair or replace such property, less a deduction to account for pre-loss depreciation. For this calculation, to the extent <br />permifted pY applicable law, all components of this estimated cost are subject to depreciation, including, but not limited to, <br />materials (including any tax) and overhead and profit. <br />The deprecialion deduction may include such considerations as: <br />1. age; <br />2. condition; <br />3. reduction in useful life; <br />4. obsolescence; and <br />5. any pre-loss damage including wear, tear, or deterioration; <br />of the damaged part of the property. <br />All other policy provisions apply. <br />FE-3661 <br />@, Copyright, State Farm MutualAutomobile lnsurance Company, 2022 <br />J <br />(coNTTNUED)