What it does
Extended replacement cost endorsement: makes extra dwelling coverage available above the Coverage A limit when conditions in the endorsement are met (notably insuring to 100% of replacement cost and reporting alterations).
Who needs it
Homeowners concerned about post-catastrophe cost surges.
Quoting and selling notes
- Document the replacement cost estimate and remind clients to report additions within the endorsement's time frame.
Editions and availability
Editions in use and where they apply: 03 22 (36 jurisdictions); 05 11 (6 jurisdictions: AL, CT, GA, HI, TX, VI); 10 00 (1 jurisdiction: PR).
Homeowners endorsements are built for a specific program edition. When a carrier moves a state from the 2011 (05 11) program to the 2022 (03 22) program, the endorsement editions move with it, so match the endorsement edition to the policy form edition shown on the declarations.
