Erie Insurance Commercial Your Business Needs Guaranteed Replacement Cost 2025

VIDEO Erie Insurance Your Business Needs Guaranteed Replacement Cost TV commercial 2024 • Your Business Needs Guaranteed Replacement Cost - Here's Why Make sure your business is protected with Guaranteed Replacement Cost insurance. Find out why this coverage is essential for your business's financial security. [TRANSCRIPT] For most business owners, business insurance is out of sight, out of mind. You have it, but hope you’ll never have to use it. So when serious damage from a fire, or another covered peril, halts your business, you need coverage that will get your business back in working order. And you don’t want the added frustration of discovering that your policy only covers up to a certain amount of the repair costs. You have enough stress at the time of loss. Guaranteed Replacement Cost is an optional coverage through Erie Insurance that pays the full amount to rebuild your building after a covered loss. Let’s say you experience a fire. The damage is deemed a total loss. You have $500,000 of coverage in your property policy. But it takes $650,000 to rebuild your building in today’s dollars. Guaranteed Replacement Cost will pay the additional $150,000. It’s the coverage that considers things you can’t control – like the rising costs of materials and labor year over year. And it gives you an added level of comfort during a time of crisis. Don’t chance it. Talk to a local Erie Insurance agent today about adding Guaranteed Replacement Cost coverage to your business policy. 0:00 for most business owners business 0:02 insurance is out of sight out of mind 0:05 you have it but you hope you'll never 0:06 have to use it so when serious damage 0:09 from a fire or another covered perel 0:11 halts your business you need coverage 0:14 that will get your business back in 0:15 working order and you don't want the 0:17 added frustration of discovering that 0:19 your policy only covers up to a certain 0:21 amount of the repair costs you have 0:23 enough stress at the time of loss 0:26 guaranteed replacement cost is an 0:28 optional coverage through eie insurance 0:30 that pays the full amount to rebuild 0:32 your building after a covered loss let's 0:34 say you experience a fire the damage is 0:37 deemed a total loss you have $500,000 of 0:40 coverage in your property policy but it 0:43 takes 0:44 $650,000 to rebuild your building in 0:46 today's dollars guaranteed replacement 0:49 cost will pay the additional 0:51 $150,000 it's the coverage that 0:53 considers things you can't control like 0:55 the rising costs of materials and labor 0:58 year over-ear and it gives you an added 1:00 level of comfort during a time of Crisis 1:03 don't chance it talk to a local Eerie 1:05 Insurance agent today about adding 1:07 guaranteed replacement cost coverage to 1:09 your business policy - advertisement spot 2024