Increased Replacement Cost: The increased replacement cost endorsement provides coverage for a rise in construction costs after a loss, such as an increase in the cost of materials or labor. (valuepenguin.com)
Contents replacement cost: The contents replacement cost endorsement covers the full replacement cost of your items in the event of a covered loss. (valuepenguin.com)
This means that if you want to be covered for larger losses, you should opt for the guaranteed replacement cost endorsement. (valuepenguin.com)