Hello, our insured had a fire 4-23-24 that totally destroyed their unattached garage/shop. Our company paid out the Policy Limit under Coverage B because of South Dakotas Valued Policy Law. Now on 6-26-24 the insured had a bad hail storm that did extensive to a $4500.00 greenhouse along with the dwelling roof etc.. Question is, do we owe for the green house even though we had previously paid Policy Limit for the garage/shop in the same Policy Period? Thank you in advance for your reply.

I see nothing in the South Dakota valued policy statute that states that once limits have been paid for one loss that the limits are exhausted for all future, separate losses. Also, the valued policy law applies only to loss from fire, tornado or lightning, not hail. The law S.D. Codified Laws § 58-10-10 clearly states: