Policyholders with Cincinnati’s Executive Classic™ have built-in
Guaranteed Replacement Cost coverage. Policyholders with most other Cincinnati
homeowner products can add Enhanced Replacement Cost coverage, an exceptional
value, worth thousands of dollars to you and your family. It covers the amount
of a loss to your home that exceeds the coverage limits you purchased, as
specified on your policy declarations page.
Be Sure You Can Rebuild
Marshall and Swift/Boeckh, the leading expert in home reconstruction values,
says that 58 percent of homes have inadequate coverage limits. No one really
knows the exact replacement cost of a home until a loss happens. Cost to
rebuild often surpasses the original cost of purchase depending on many
factors. Your local independent agent can help you estimate values to rebuild
or replace your home, but such calculations are far from an exact science.
You can ensure some room for error by building Enhanced Replacement Cost
coverage into your homeowner policy. Enhanced Replacement Cost pays up to 25
percent above the limit specified for your dwelling on your policy declarations
page, just in case it costs you more when you replace or rebuild your home
after a covered loss.
You may also want to consider our Inflation Guard coverage.