Endorsements: Additional to your Insurance Policy I
If you can still afford additional cost for extra property protection, there are endorsements that can be added to insurance policy that you purchased. A list of some endorsements that you can avail is given below:
- Guaranteed Replacement. This coverage pays the needed cost in rebuilding your home. Just make sure that requirements of your insurance are met.
- Extended Replacement. This coverage insures the property for some specific value. Usually, an percentage of 20% to 25% is added to the extended limit in any case that the reconstruction costs of your home run over.
- Inflation Guard. This coverage increases the cost of insurance to catch up with the inflation rate to ensure you maintain the right and adequate coverage.
*continued on next post