Get Functional Replacement Cost for your client's older home
Get Functional Replacement Cost for old homes

Say you have a dwelling built in as early as 1850 that's been fully updated, but not completely gutted to the studs. This dwelling doesn't qualify for Replacement Cost or Actual Cash Value, but it now qualifies for Functional Replacement Cost.

Personal Lines has made it possible for you to add this form when writing business with our Homeowner (HO-3) Program. Functional Replacement means we'll cover the repair or replacement of damaged obsolete, antique, or custom construction materials with less costly materials that are functionally equivalent. For example, a now rare wood like mahogany will be replaced with a more available, but aesthetically consistent, alternative wood.

Your Personal Lines underwriters have already been offering quotes on such risks.

American Reliable (A Rated) offers an admitted HO3 policy with replacement
& extended replacement cost coverage for homes 1850 and newer (YES 1850!).

Program Highlights (CA Only):

  • Extended Replacement cost coverage of an additional 25%
  • $100,000 personal liability included
  • Direct Bill to the insured or lender
  • Payment Plans available
  • Worker's Comp for residence employees is available
  • Scheduled Personal Property coverage available.
  • Additional Residence Premises liability coverage available.
  • Many homes can be rated, quoted, bound, issued and paid for online.
    See our Self-Serve i-Reli Program

Contact a Personal Lines Underwriter at 800-234-6977 ext.250 or send an email to

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This is a marketing notice only. Nothing contained hereon alters, modifies or changes the actual policy language as may be issued by an insurance or changes the actual policy language as may be issued by an insurance carrier.

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