This policy covers any of the Property Insured described in the policy be accidentally, physically, lost, destroyed or damaged during the Period of Insurance caused by an insured peril, the Company will pay to the Insured the value of the property at the time of its accidental physical loss or destruction or the amount of such accidental physical damage or at the Company’s option reinstate or replace such property or any part of it provided that the liability of the Company under this Policy shall not exceed.