<p><br />
The Insurer may at its option, replace the property damaged or destroyed, or any part thereof, instead of paying the amount of the loss or damage, or may join with any other Company or Insurers in so doing, but the Insurer shall not be bound to replace exactly or completely, but only as circumstances permit and in reasonably sufficient manner, and in no case shall the Insurer be bound to expend more in repair that it would have cost to repair such property as it was at the time of the occurrence of such loss or damage, nor more than the sum insured thereon.</p>

<p>If the Insurer so elects to replace any property the Insured shall, at his own expense, furnish the Insurer with such plans, specifications, measurements, quantities and such other particulars as the Insurer may require, and no acts done, or caused to be done by the Insurer with a view to replace shall be deemed an election by the Insurer to replace.</p>

<p>If in any case the Insurer shall be unable to replace the property hereby insured, because of any municipal or other regulations in force affecting the alignment of streets, or the construction of buildings, or otherwise, the Insurer shall, in every such case, only be liable to pay such sum as would be required to replace such property if the same could lawfully be repaired to its former condition. &nbsp;&nbsp;</p>
