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Replacement Insurance

Replacement Insurance guarantees that the insurer will pay for the cost of replacing the home in its current condition up to the policy’s limits. This is a less expensive form of homeowner’s insurance than Guaranteed Cost Replacement Insurance (which will pay to put your home in its current condition and meet all current codes as well) and it typically won’t pay to bring your home up to current standards.
(more Replacement Insurance information below useful links)

See Also

Guaranteed Cost Replacement
Replacement Insurance

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