Extended Replacement Cost Coverage
Posted in: Insurance
define: Extended Replacement Cost Coverage
Supplements home replacement cost coverage, in the event that the dwelling limit is not sufficient to rebuild the home in a total loss. It extends the limit by a given percentage. This coverage might be warranted after a catastrophe, when materials and fees in that area are temporarily heightened above the normal rate of inflation.
Supplements home replacement cost coverage, in the event that the dwelling limit is not sufficient to rebuild the home in a total loss. It extends the limit by a given percentage. This coverage might be warranted after a catastrophe, when materials and fees in that area are temporarily heightened above the normal rate of inflation.
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