What is extended replacement cost and do I need it in Georgia?

Extended replacement cost pays a percentage above your policy limit (typically 25 to 50 percent) if the actual rebuild cost exceeds your dwelling coverage amount. Guaranteed replacement cost pays the full actual rebuild cost regardless of your policy limit, available from select carriers for qualifying homes. Given that North Atlanta rebuild costs have risen 35 to 45 percent since 2020, either endorsement provides meaningful protection against being underinsured after a total loss.