Sentences with phrase «guaranteed replacement cost insures»

Guaranteed replacement cost insures you to replacement value, plus a certain percentage over the insured dwelling value if the cost of reconstruction ends up being higher than expected in the event of a claim.

Not exact matches

For qualifying homes we insure the dwelling with a guaranteed replacement cost endorsement (GRC).

Replacement cost is different than guaranteed replacement cost because it will not pay out in a claim more than the insReplacement cost is different than guaranteed replacement cost because it will not pay out in a claim more than the insreplacement cost because it will not pay out in a claim more than the insured value.

Some companies may cap the guaranteed value to 125 percent of your insured dwelling value; others may offer guaranteed replacement «no matter what the cost.»

For example, some companies offer the option to insure your home to the insured limit, instead of guaranteed replacement cost.