Spartanburg car insurance also comes with the option of
guaranteed replacement cost which means that if your car is a write off, you will be compensated with a new car, regardless of how much your old vehicle is worth.
Not exact matches
The third is called «
guaranteed replacement cost,»
which covers whatever the
cost is to rebuild your home, protecting you against inflation.
Erie has three homeowner's policies: Advantage, Plus and Select,
which offer
guaranteed replacement costs for home and personal belongings with coverage term limits for 10, 15, 20 and 30 years.
It's important to verify whether the policy offers
replacement cost,
which will hold any claims to a certain limit, or «
guaranteed replacement cost,»
which can offer an even higher level of insurance.
«Several years ago, a lot of the major insurance companies quit offering
guaranteed replacement cost insurance — a policy in
which your home is replaced no matter what it
costs.»
The very best you can do is
guaranteed replacement cost,
which replaces your home and possessions regardless of any policy limitations.
In coastal areas, it also makes sense to factor
Guaranteed Replacement Cost Coverage into your quotes,
which will include the roof of your house and protect against depreciation.
Depending on the company, optional coverages may be offered for
guaranteed replacement cost,
which pays the full
cost of repair or
replacement regardless of policy limit, or extended
replacement cost,
which pays a specified percentage above the policy limit.
The most comprehensive insurance policy is
guaranteed replacement cost coverage,
which will pay to rebuild your home even if the
cost to rebuild is more than your policy limit.
Does your policy provide
guaranteed replacement cost —
which, for obvious reasons, since houses appreciate in value, may be almost prohibitively expensive?