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[quote=Anonymous][quote=Anonymous]I would be careful when shopping homeowners insurance. Only a few actually offer "home replacement" coverage with no Cap/Max

Erie
Chubb

Also ask yourself "how much run around do you want to deal with if god forbid you have to file a claim." [/quote]

Guaranteed or Extended Replacement Cost
This option offers the most protection out of the three, and the costliest out of the three option. It is essentially an expanded version of replacement cost described above. The guaranteed replacement cost option pays for the cost to rebuild your home exactly as it was before a peril, even if the cost exceeds the estimated value of the home. The primary purpose of the option is to protect the policyholder against sudden increases in materials or construction costs, which can occur when many claims in an area are made. This is a good option to consider if your budget allows for it, and you live in a region that is prone to natural disasters or weather patterns with a large scale.

Rather than a guaranteed replacement policy, some insurance companies offer an extended replacement policy. Instead of guaranteed cost coverage, the extended replacement option covers an additional 20% to 25% of the replacement value of the home.[/quote]

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