{"id":385,"date":"2024-01-26T01:43:15","date_gmt":"2024-01-26T01:43:15","guid":{"rendered":"https:\/\/consultant.webmarketingcorps.com\/?page_id=385"},"modified":"2024-02-01T02:34:40","modified_gmt":"2024-02-01T02:34:40","slug":"e","status":"publish","type":"page","link":"https:\/\/memoinsurance.com\/es\/insurance-glossary\/e\/","title":{"rendered":"E"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"385\" class=\"elementor elementor-385\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50a2e55 e-flex e-con-boxed e-con e-parent\" data-id=\"50a2e55\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3f2b73f7 e-flex e-con-boxed e-con e-parent\" data-id=\"3f2b73f7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-706a1172 elementor-widget elementor-widget-text-editor\" data-id=\"706a1172\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tInsurance terms and definitions from Memo Insurance Service.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b34b1d2 elementor-widget elementor-widget-text-editor\" data-id=\"2b34b1d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge.\u00a0<a href=\"https:\/\/memoinsurance.com\/es\/contact.aspx\/\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">Contact Memo Insurance Service<\/a>\u00a0today to learn more.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4605989b elementor-nav-menu--dropdown-none elementor-widget elementor-widget-nav-menu\" data-id=\"4605989b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;horizontal&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-caret-down\\&quot; viewBox=\\&quot;0 0 320 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M31.3 192h257.3c17.8 0 26.7 21.5 14.1 34.1L174.1 354.8c-7.8 7.8-20.5 7.8-28.3 0L17.2 226.1C4.6 213.5 13.5 192 31.3 192z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-horizontal e--pointer-none\">\n\t\t\t\t<ul id=\"menu-1-4605989b\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-562\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/a\/\" class=\"elementor-item\">A<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-563\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/b\/\" class=\"elementor-item\">B<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-564\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/c\/\" class=\"elementor-item\">C<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-565\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/d\/\" class=\"elementor-item\">D<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-566\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/e\/\" class=\"elementor-item\">E<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-567\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/f\/\" class=\"elementor-item\">F<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-568\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/g\/\" class=\"elementor-item\">G<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-569\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/h\/\" class=\"elementor-item\">H<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-570\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/i\/\" class=\"elementor-item\">I<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-571\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/j\/\" class=\"elementor-item\">J<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-572\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/k\/\" class=\"elementor-item\">K<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-573\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/l\/\" class=\"elementor-item\">L<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-574\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/m\/\" class=\"elementor-item\">M<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-575\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/n\/\" class=\"elementor-item\">N<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-576\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/o\/\" class=\"elementor-item\">O<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-577\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/p\/\" class=\"elementor-item\">P<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-578\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/q\/\" class=\"elementor-item\">Q<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-579\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/r\/\" class=\"elementor-item\">R<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-580\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/s\/\" class=\"elementor-item\">S<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-581\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/t\/\" class=\"elementor-item\">T<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-582\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/u\/\" class=\"elementor-item\">U<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-583\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/v\/\" class=\"elementor-item\">V<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-584\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/w\/\" class=\"elementor-item\">W<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-585\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/x\/\" class=\"elementor-item\">X<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-586\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/y\/\" class=\"elementor-item\">Y<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-587\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/z\/\" class=\"elementor-item\">Z<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-4605989b\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-562\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/a\/\" class=\"elementor-item\" tabindex=\"-1\">A<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-563\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/b\/\" class=\"elementor-item\" tabindex=\"-1\">B<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-564\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/c\/\" class=\"elementor-item\" tabindex=\"-1\">C<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-565\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/d\/\" class=\"elementor-item\" tabindex=\"-1\">D<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-566\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/e\/\" class=\"elementor-item\" tabindex=\"-1\">E<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-567\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/f\/\" class=\"elementor-item\" tabindex=\"-1\">F<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-568\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/g\/\" class=\"elementor-item\" tabindex=\"-1\">G<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-569\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/h\/\" class=\"elementor-item\" tabindex=\"-1\">H<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-570\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/i\/\" class=\"elementor-item\" tabindex=\"-1\">I<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-571\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/j\/\" class=\"elementor-item\" tabindex=\"-1\">J<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-572\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/k\/\" class=\"elementor-item\" tabindex=\"-1\">K<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-573\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/l\/\" class=\"elementor-item\" tabindex=\"-1\">L<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-574\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/m\/\" class=\"elementor-item\" tabindex=\"-1\">M<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-575\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/n\/\" class=\"elementor-item\" tabindex=\"-1\">N<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-576\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/o\/\" class=\"elementor-item\" tabindex=\"-1\">O<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-577\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/p\/\" class=\"elementor-item\" tabindex=\"-1\">P<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-578\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/q\/\" class=\"elementor-item\" tabindex=\"-1\">Q<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-579\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/r\/\" class=\"elementor-item\" tabindex=\"-1\">R<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-580\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/s\/\" class=\"elementor-item\" tabindex=\"-1\">S<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-581\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/t\/\" class=\"elementor-item\" tabindex=\"-1\">T<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-582\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/u\/\" class=\"elementor-item\" tabindex=\"-1\">U<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-583\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/v\/\" class=\"elementor-item\" tabindex=\"-1\">V<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-584\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/w\/\" class=\"elementor-item\" tabindex=\"-1\">W<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-585\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/x\/\" class=\"elementor-item\" tabindex=\"-1\">X<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-586\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/y\/\" class=\"elementor-item\" tabindex=\"-1\">Y<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-587\"><a href=\"https:\/\/memoinsurance.com\/es\/insurance-glossary\/z\/\" class=\"elementor-item\" tabindex=\"-1\">Z<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e7a6f4 elementor-widget elementor-widget-text-editor\" data-id=\"1e7a6f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b data-ada-original-font-size=\"13\">EARLY WARNING SYSTEM<\/b><br \/>A system of measuring insurers\u2019 financial stability set up by insurance industry regulators. An example is the Insurance Regulatory Information System (IRIS), which uses financial ratios to identify insurers in need of regulatory attention.<br \/><br \/><b data-ada-original-font-size=\"13\">EARNED PREMIUM<\/b><br \/>The portion of premium that applies to the expired part of the policy period. Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires.<br \/><br \/><b data-ada-original-font-size=\"13\">EARTHQUAKE INSURANCE<\/b><br \/>Covers a building and its contents, but includes a large percentage deductible on each. A special policy or endorsement exists because earthquakes are not covered by standard homeowners or most business policies.<br \/><br \/>Coverages and benefits listed above may be available at an additional charge, talk to us today to find out more.<br \/><br \/><b data-ada-original-font-size=\"13\">ECONOMIC LOSS<\/b><br \/>Total financial loss resulting from the death or disability of a wage earner, or from the destruction of property. Includes the loss of earnings, medical expenses, funeral expenses, the cost of restoring or replacing property, and legal expenses. It does not include noneconomic losses, such as pain caused by an injury.<br \/><br \/><b data-ada-original-font-size=\"13\">ELECTRONIC COMMERCE \/ E-COMMERCE<\/b><br \/>The sale of products such as insurance over the Internet.<br \/><br \/><b data-ada-original-font-size=\"13\">ELIMINATION PERIOD<\/b><br \/>A kind of deductible or waiting period usually found in disability policies. It is counted in days from the beginning of the illness or injury.<br \/><br \/><b data-ada-original-font-size=\"13\">EMPLOYEE DISHONESTY COVERAGE<\/b><br \/>Covers direct losses and damage to businesses resulting from the dishonest acts of employees.<br \/><br \/><b data-ada-original-font-size=\"13\">EMPLOYEE RETIREMENT INCOME SECURITY ACT \/ ERISA<\/b><br \/>Federal legislation that protects employees by establishing minimum standards for private pension and welfare plans.<br \/><br \/><b data-ada-original-font-size=\"13\">EMPLOYER\u2019S LIABILITY<\/b><br \/>Part B of the workers compensation policy that provides coverage for lawsuits filed by injured employees who, under certain circumstances, can sue under common law.<br \/><br \/><b data-ada-original-font-size=\"13\">EMPLOYMENT PRACTICES LIABILITY COVERAGE<\/b><br \/>Liability insurance for employers that covers wrongful termination, discrimination, or sexual harassment toward the insured\u2019s employees or former employees.<br \/><br \/><b data-ada-original-font-size=\"13\">ENDORSEMENT<\/b><br \/>A written form attached to an insurance policy that alters the policy\u2019s coverage, terms, or conditions. Sometimes called a rider.<br \/><br \/><b data-ada-original-font-size=\"13\">ENVIRONMENTAL IMPAIRMENT LIABILITY COVERAGE<\/b><br \/>A form of insurance designed to cover losses and liabilities arising from damage to property caused by pollution.<br \/><br \/><b data-ada-original-font-size=\"13\">EQUITY<\/b><br \/>In investments, the ownership interest of shareholders. In a corporation, stocks as opposed to bonds<br \/><br \/><b data-ada-original-font-size=\"13\">EQUITY INDEXED ANNUITY<\/b><br \/>Non-traditional fixed annuity. The specified rate of interest guarantees a fixed minimum rate of interest like traditional fixed annuities. At the same time, additional interest may be credited to policy values based upon positive changes, if any, in an established index such as the S&amp;P 500. The amount of additional interest depends upon the particular design of the policy. They are sold by licensed insurance agents and regulated by state insurance departments.<br \/><br \/><b data-ada-original-font-size=\"13\">ERRORS AND OMISSIONS COVERAGE \/ E&amp;O<\/b><br \/>A professional liability policy covering the policyholder for negligent acts and omissions that may harm his or her clients.<br \/><br \/><b data-ada-original-font-size=\"13\">ESCROW ACCOUNT<\/b><br \/>Funds that a lender collects to pay monthly premiums in mortgage and homeowners insurance, and sometimes to pay property taxes.<br \/><br \/><b data-ada-original-font-size=\"13\">EXCESS AND SURPLUS LINES<\/b><br \/>Property\/casualty coverage that isn\u2019t available from insurers licensed by the state (called admitted insurers) and must be purchased from a non-admitted carrier.<br \/><br \/><b data-ada-original-font-size=\"13\">EXCESS OF LOSS REINSURANCE<\/b><br \/>A contract between an insurer and a reinsurer, whereby the insurer agrees to pay a specified portion of a claim and the reinsurer to pay all or a part of the claim above that amount.<br \/><br \/><b data-ada-original-font-size=\"13\">EXCLUSION<\/b><br \/>A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations.<br \/><br \/><b data-ada-original-font-size=\"13\">EXCLUSIVE AGENT<\/b><br \/>A captive agent, or a person who represents only one insurance company and is restricted by agreement from submitting business to any other company unless it is first rejected by the agent\u2019s company<br \/><br \/><b data-ada-original-font-size=\"13\">EXCLUSIVE REMEDY<\/b><br \/>Part of the social contract that forms the basis for workers compensation statutes under which employers are responsible for work-related injury and disease, regardless of whether is was the employee\u2019s fault and in return the injured employee gives up the right to sue when the employer\u2019s negligence causes the harm.<br \/><br \/><b data-ada-original-font-size=\"13\">EXPENSE RATIO<\/b><br \/>Percentage of each premium dollar that goes to insurers\u2019 expenses including overhead, marketing, and commissions.<br \/><br \/><b data-ada-original-font-size=\"13\">EXPERIENCE<\/b><br \/>Record of losses.<br \/><br \/><b data-ada-original-font-size=\"13\">EXPOSURE<\/b><br \/>Possibility of loss.<br \/><br \/><b data-ada-original-font-size=\"13\">EXTENDED COVERAGE<\/b><br \/>An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basic policy.<br \/><br \/><b data-ada-original-font-size=\"13\">EXTENDED REPLACEMENT COST COVERAGE<\/b><br \/>Pays a certain amount above the policy limit to replace a damaged home, generally 120 percent or 125 percent. Similar to a guaranteed replacement cost policy, which has no percentage limits. Most homeowner policy limits track inflation in building costs. Guaranteed and extended replacement cost policies are designed to protect the policyholder after a major disaster when the high demand for building contractors and materials can push up the normal cost of reconstruction<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36df1486 e-flex e-con-boxed e-con e-parent\" data-id=\"36df1486\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f906906 elementor-widget elementor-widget-text-editor\" data-id=\"1f906906\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"plainText\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\" data-ada-not-tabbable=\"true\"><b data-ada-original-font-size=\"13\">NOTICE:<\/b>\u00a0These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should\u00a0<a href=\"https:\/\/memoinsurance.com\/es\/contact.aspx\/\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">contact<\/a>\u00a0your insurance agent, the insurance company, or the language of the insurance policy.<\/div><p style=\"text-align: center;\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\" data-ada-not-tabbable=\"true\"><a class=\"plainText\" href=\"https:\/\/www.getitc.com\/products\/websites\/\" rel=\"nofollow\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">Insurance Websites<\/a>\u00a0Designed and Hosted by\u00a0<a href=\"https:\/\/www.getitc.com\/products\/websites\/\" rel=\"nofollow\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">Insurance Website Builder<\/a><br \/>Glossary content provided by\u00a0<a href=\"http:\/\/www.iii.org\/\" rel=\"nofollow\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">Insurance Information Institute<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.getitc.com\/\" data-ada-original-font-size=\"13\" data-ada-original-font-weight=\"400\">ITC<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Insurance terms and definitions from Memo Insurance Service. Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge.\u00a0Contact Memo Insurance Service\u00a0today to learn more. EARLY WARNING SYSTEMA system of measuring insurers\u2019 financial stability set up by insurance industry regulators. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":279,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-385","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/pages\/385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/comments?post=385"}],"version-history":[{"count":13,"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/pages\/385\/revisions"}],"predecessor-version":[{"id":1294,"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/pages\/385\/revisions\/1294"}],"up":[{"embeddable":true,"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/pages\/279"}],"wp:attachment":[{"href":"https:\/\/memoinsurance.com\/es\/wp-json\/wp\/v2\/media?parent=385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}