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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Home Insurance Glossary Terms 4 A B C D E F H I J L M N O P Q R S T U V W |
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Eighty percent rule |
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The 80 percent rule that applies to partial losses. It states that a claim for a partial loss would be fully paid if the home were insured for at least 80 percent of its true replacement cost. If the home is insured for less than 80 percent of its true replacement value, then the partial loss would be paid in relation to the amount of insurance required to receive full reimbursement and that which was actually purchased. |
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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