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What is Guaranteed Replacement Cost Insurance Coverage?

It is every homeowner’s nightmare: a call from the fire department stating that your house has been destroyed. Everything you’ve worked hard to support and maintain is suddenly gone. At this moment, most of us will be thinking, “In time can my family’s home and our peace of mind be fully restored?” For Manhattan condo/coops residents with a guaranteed replacement cost insurance plan and the services of a professional public adjuster, yes it can. Guaranteed replacement cost coverage ensures just that- should your home be totally lost, your homeowner’s insurance policy will cover the rebuild to pre-catastrophe status, regardless of the replacement cost.

As with most things in life that can sound too good to be true, and yes, some policies of this nature are. That is why, when your family’s lives are impacted by the unexpected loss of your primary residence, that you contact a professional public adjuster, such as United Public Adjusters. Our team can assist Manhattan condo/coops residents at your time of greatest need to not only prepare and submit your guaranteed replacement cost coverage claim, but also to negotiate on your behalf with your insurance company. In short, we become your personal advocate to ensure your settlement is fair, and the process as timely as possible.

The insurance claim process can be a low and protracted one, generally due to a need for additional information. To prevent delays, extended timelines, and underpayments, United Public Adjusters takes extra steps to fully document both present damages and losses, but also point out potential future issues due to the catastrophe such as property damage to landscaping and nearby structures. However, our services do not stop there. We will additionally ensure that your family has adequate housing for the duration of your rebuild and are prepared to negotiate with your insurer until a just and fair settlement is reached.

While guaranteed replacement cost insurance coverage promises complete restoration of your home to its former status, there are contingencies that insurers may cite when processing your claim. United Public Adjusters is highly experienced in “going to bat” for our clients and to achieve optimal outcomes. When the unthinkable occurs, turn to us. Together with a solid guaranteed replacement cost coverage policy, our team’s efforts will assist you to return your lives to normal as quickly as possible. To learn more about our services, consult with us at 800-718-5677.


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