inflation guard

inflation guard

An insurance policy endorsement that automatically increases coverage over time in order to keep up with the effects of inflation.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Some dwelling-related endorsements to consider include extended replacement cost coverage, inflation guard, and building ordinance protection.
* Inflation Guard - automatically adjusts the coverage limits to reflect changes in construction costs.
Advisers affiliated with LTC Tree are using sophisticated tools and proprietary Excel formulas to help clients determine the right balance of coverage, inflation guard, and premium.
John Hancock launched "Inflation Guard," an annuity that combines a principal guarantee with the ability to help protect the purchasing power of retirement assets from the impact of inflation.
John Hancock Annuities has launched 'Inflation Guard,' an annuity that combines a principal guarantee with the ability to help protect the purchasing power of retirement assets from the impact of inflation.
With Inflation Guard, clients can always withdraw the prior year's interest or RMD, whichever is greater, without charge or penalty.
Inflation Guard--The insured may choose the optional inflation guard coverage as a protection against the effects of inflation.
The commercial property policy offers the insured four optional coverages that are so frequently used as to be available in the basic policy: agreed value, inflation guard, replacement cost, and extension of replacement cost to personal property of others.
The Fidelity and Deposit Companies has announced the availability of the new Inflation Guard Endorsement, an enhancement to its ERISA Compliance Policy.
* The client's homeowners' policy should have an inflation guard; if not, make certain the company and the client review the coverage periodically.