Pays a certain amount above the policy limit to replace a damaged home, generally 120 percent or 125 percent. Similar to a guaranteed replacement cost policy, which has no percentage limits. Most home-owner policy limits track inflation in building costs. 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. |
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Early Warning System
Earned Premium Earthquake Insurance Economic Loss Electronic Commerce or Ecommerce Elimination Period Employee Dishonesty Coverage Employee Retirement Income Security Act (ERISA) Employer's Liability Employment Practices Liability Coverage Endorsement Endowment Insurance Environmental Impairment Liability Coverage Equity Indexed Annuity Equity Errors And Omissions Coverage (E&O) Escrow Account Excess And Surplus Lines Excess Of Loss Reinsurance Exclusion Exclusive Agent Exclusive Remedy Expense Ratio Experience Exposure Extended Coverage Extended Replacement Cost Coverage Extended Term Insurance Option.
