Replacement Cost (RC) is the cost to repair or replace property with like kind and quality. Our claims department replaces old with new.
This loss settlement provision provides coverage for the full cost of repair or replacement without deduction for depreciation of the home in the event of a total loss. The home must be insured to 100 percent of the home’s replacement value.
The home must be insured to 100% of the home's replacement value, excluding land.
Refer to State Specific Program Manual for age of home requirements.
Not available on the Rental / Commercial Program.