Which of the following is a condition of a rebuilding clause? The building must be completely destroyed for this clause to take effect. If the building is damaged, the insurer will only pay the Actual Cash Value (ACV) of the loss and not the rebuilding cost. If the insured rebuilds within 9 to 12 months of the loss and within 200 feet of the damaged building, the insurer will pay the remainder. If the building is damaged, the insurer will initially pay 20% of the total payable