Sentences with phrase «costs up to a certain percentage»
An extended replacement cost policy, one that covers costs up to a certain percentage over the limit (usually 20 %).
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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.
With an extended replacement cost policy your insurer will pay a certain percentage over the limit to rebuild your home — 20 percent or more, depending on the insurer — so that if building costs go up unexpectedly, you will have extra funds to cover the bill.