That depends on if you have the replacement
cost endorsement on your policy, which most people generally do.
Not exact matches
«If you don't get the
policy started with the right replacement
cost and
endorsements (add -
ons), you will never have the right amount of insurance to protect you from a loss.»
If you have an
endorsement for replacement
cost on your
policy, the
endorsement is incorporated into and made a part of the
policy.
If Bob has properly endorsed the watch
on his
policy with the standard HO -61-B Valuable Items Plus
endorsement, the watch would be covered at its full replacement
cost, up to the value it is insured for under the
endorsement.
On the other hand, Aegis Security Insurance has a mandatory
endorsement to their home insurance
policy offered in California that excludes any «loss, damage,
cost, claim expense, bodily injury, property damage or medical payments» related to trampolines, bounce houses or inflatable slides.
The
cost of homeowners insurance depends
on the amount of your coverage, any
endorsements you add to the
policy, and
policy deductibles.
Technically it's an
endorsement, but it's generally standard
on all
policies with Effective Coverage because we just don't believe people should have to ask for insurance that covers the
cost of buying new items when yours suffer a loss.
Available for: All rideshare drivers who have served in the military, or are a spouse or child of someone who is a USAA member Available in: AL, AZ, CA, CO, GA, IA, IL, IN, KS, KY, MA, MD, ND, NE, NV, OH, OK, OR, TN, TX, WA, WY
Cost: Starts at $ 6 / month
on top of your regular auto insurance bill USAA's rideshare insurance
policy is actually an add -
on endorsement to your existing
policy.
If you're an individual or sole proprietor and you have a vehicle
on your commercial auto insurance
policy that you use for personal or non-business use, an Individual Named Insured
Endorsement is automatically included
on your
policy - at no additional
cost.
ACE stands for assured coverage
endorsement and this is essentially a no lapse guarantee
endorsement that states even though this is a cash value
policy, even if there is zero cash value or not enough cash value to sustain the
cost of insurance, the
policy's premiums and death benefit will still stay level as long as you pay your premiums
on time when they are due.
If you already have a term life insurance AD&D this insurance
policy can be added
on top as a low -
cost addition /
endorsement / rider and pays out twice the face value of the death benefit to your beneficiaries.
Some
policies or
endorsements provide coverage
on a replacement
cost basis.
On the other hand, Aegis Security Insurance has a mandatory
endorsement to their home insurance
policy offered in California that excludes any «loss, damage,
cost, claim expense, bodily injury, property damage or medical payments» related to trampolines, bounce houses or inflatable slides.
You may also opt for an
endorsement like medical payments coverage
on your Boulder City vehicle insurance
policy, or uninsured / underinsured motorist protection, a secondary coverage which steps in when you get into a collision with another driver who does not carry sufficient car insurance coverage to handle all the
costs of the accident.
Replacement
cost is often a special
endorsement on a
policy, as actual cash value more often than not is the default offering
on a standard renters insurance plan.
It's commonly
on most renters insurance
policies in California, and you should look at your declarations page right now to make sure that you have replacement
cost listed as an
endorsement.
For a covered
policy holder to have coverage
on a part like that, they usually have to add a special
endorsement at significant additional
cost.