google bot detected Inflation Endorsement | Insurance Glossary |

Inflation Endorsement

Definition of "Inflation endorsement"

Attachment to a property insurance policy that automatically adjusts its coverage according to the construction cost index in a community. This endorsement is necessary in a property contract to maintain adequate coverage. Otherwise, it is advisable for a policy owner, at time of renewal, to adjust the limits of coverage to reflect the increased cost of construction and the market value of the property.

Related Real Estate Glossary terms

Related Real Estate FAQ