Sentences with phrase «get guaranteed replacement cost»

Not exact matches

So - called «guaranteed replacement cost» policies cover the cost of rebuilding your home when it gets damaged, no matter what the amount — even if the insurance company underestimated how expensive it would be.

While ACV coverage costs less, guaranteed replacement coverage gets you much closer to the amount of money you would actually need to replace everything you have lost in a claim situation.

If you feel your home insurance dwelling evaluation is too high, and you don't think you need guaranteed replacement cost, and you're convinced a lesser amount than your evaluated dwelling value will cover you sufficiently in a claim, then you can take your chances and ask your insurance company if there is a possibility to lower your insurance cost by getting replacement cost, versus guaranteed replacement cost.