Call Us 252-638-1345 ☰ ˟
Manage Policy File a Claim
Logo
252-638-1345
  • Home Page
  • Get a Quote
    • Auto Insurance Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Business & Commercial Insurance HomeImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Workers Compensation Quote
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • Location Map
    • Testimonials
    • Privacy Policy
  • Contact Us
Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Recreational

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > Extended Replacement Coverage
THURSDAY, JULY 14, 2022

Extended Replacement Coverage

Homes can be destroyed in natural disaster, fire or other catastrophes. If you don’t have the proper protection, the rebuild and repair can be an overwhelming expense. That’s where extended replacement coverage can help. couple standing in front of their home

When purchasing coverage for their home, policyholders often make the mistake of simply insuring it for the resale value. However, should a flood, storm or other event occur, they may find that the cost to rebuild far exceeds the original purchase price. This discrepancy can occur for a variety of reasons, including inflated construction costs following catastrophic events that impact multiple homes in a particular area. 

To truly protect themselves, extended replacement coverage is essential. This form of coverage provides a benefit over and above the policy limits for replacing a damaged house. That means, should a covered loss occur, extended replacement coverage will kick in and pay up to a specified percentage over an insured’s policy limit—sometimes as much as 125 percent. 

When shopping for homeowners insurance, extended replacement coverage is critical. While skimping on this protection may lower your coverage costs slightly, those savings will mean nothing should disaster strike and lead to tens of thousands of dollars in losses.  

Homeowners insurance can be complicated, and it’s important to discuss your unique needs with an expert.  

Posted 11:40 AM

Tags: home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(8)
  • coverage(6)
  • auto insurance(5)
  • car(5)
  • auto(5)
  • flood insurance(3)
  • home insurance(3)
  • classic car insurance(3)
  • commercial auto insurance(3)
  • builders risk insurance(2)
  • policy(2)
  • requirements(1)
  • homeowners(1)
  • accident(1)
  • belongings(1)
  • teen(1)
  • rates(1)
  • classic(1)
  • adjuster(1)
  • damage(1)
  • builders(1)
  • coverag(1)
  • drivers(1)
  • credit(1)
  • risk(1)
  • claims(1)
  • vintage(1)
  • flood(1)
  • builders risk(1)
  • car insurance(1)
  • diy(1)
  • home(1)
  • score(1)

View Mobile Version
Facebook
Google+
Get Directions
Contact Us Today
Have Questions?
Resources
Get a Quote
Customer Service
Payment Options
Report a Claim
Our Carriers
About Us
Refer A Friend
Blog
Contact Us
Contact us 1427 S Glenburnie Rd
New Bern, NC 28562

O: 252-638-1345
F: (252) 565-1740
© Copyright. All rights reserved. Powered by Insurance Website Builder.