I know I'm being somewhat facetious, but didn't the CA DOI decide that EVERYONE had 'guaranteed replacement cost", whether they requested it or not, after the Oakland Hills fires?asiebum wrote:I have had several requests from consumers for Guaranteed Replacement Cost. I really don't want to offer the coverage, but felt I should do my part to make sure that I was advising my clients correctly as I had also assumed that GRC is no longer offered in CA. I have heard that AAA will offer GRC but I have not had confirmation of that. Yes I do agree that if you are properly calculating the replacement value of a home you should not need GRC.
I'm in Oregon and work with MetLife Home & Auto and they offer guaranteed replacement cost, expanded replacement cost and basic replacement cost. I'd assume that they do in CA too.