The peace of mind that having the Guaranteed Replacement Cost endorsement can offer is priceless—and surprisingly affordable.
Whether you’re just about to purchase a starter home, or you’ve been in the same house for decades, the team at HIG believes it is very important for you to know about the invaluable benefits of having the guaranteed replacement cost endorsement.
By adding this increasingly talked-about endorsement to your home insurance policy, you can get more than just enhanced protection for your property. It can give you a level of confidence in your financial ability to rebuild your home after a disaster that may not be achievable with the standard replacement cost included in your policy or with an extended replacement cost endorsement.
You might think that purchasing this added level of home insurance coverage—and having a greater sense of security—would be accompanied by a hefty additional fee. Instead, the HIG straight talk on this homeowners policy option is that it is highly cost-effective, often adding as little as $100 to $150 a year to your homeowners policy.
If you still need a little more information before calling the HIG team about the guaranteed replacement cost endorsement, we understand. That’s why we are sharing the following three reasons why homeowners should consider getting this endorsement.
It’s important to know that replacement cost programs can vary greatly by carrier. In addition, each carrier has different eligibility requirements for its replacement cost program, and not all homes will qualify for this endorsement. The team at HIG is here to help you understand your specific insurance company’s program, what it offers, and its eligibility requirements.
We know you may have many more questions about the guaranteed replacement cost endorsement. The HIG professionals are here to support you in any way we can and help you explore the possibility of adding this endorsement to your homeowners program. For more information or to get a quote on what it will cost to enhance your current home insurance coverage with guaranteed replacement cost, please contact us at 508-676-5949.