Sentences with phrase «costs after a major disaster»

By paying a higher benefit above the policy limit, extended replacement cost policies protect policyholders from an inflation in the reconstruction costs after a major disaster.

Not exact matches

The Moving Ahead for Progress in the 21st Century Act (MAP - 21) authorized FTA's Emergency Relief Program, granting FTA the primary responsibility for reimbursing emergency response and recovery costs after an emergency or major disaster that affects public transportation systems.

Guaranteed and extended replacement cost policies are designed to protect the policyholder after a major disaster when the high demand for building contractors and materials can push up the normal cost of reconstruction.

For example, if you need to rebuild your home after a major disaster, you will need to have the right amount of insurance on the dwelling in order to get your replacement cost value.

You may be required to pay higher premiums to protect your property against these hazards; however, the cost of extra coverage is minimal compared to the costs of replacing your belongings after a major FL disaster.