HOMEOWNERS SPECIAL LOSS SETTLEMENT ENDORSEMENT modifies the replacement cost provision that requires the dwelling limit of insurance to be 80% or more of dwelling replacement cost in order to be settled on a replacement cost basis. This endorsement allows the percentage to be as low as 50%. This could be an excellent product to use in gradually bringing a home's limit up from actual cash value basis to replacement cost basis
(Use ACORD Forms #80 or #88 and #89)
Related PF&M Article: HO 04 56-Special Loss Settlement