Do insurance companies have a 90 day window from the start date of the policy to reduce the liablity limits for home if they didn't get to inspect it?

Question Details: I just bought my home from a bank that forclosed on the previous owners. I insured that day for replacement cost. Two weeks later it burned down before an appraiser was able to appraise it. now my insurance company says that because the policy is less 90 day old they can only pay actual cash value. My policy doesn't have a waiting period on it.

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