Insurance:Guaranteed Rebuilding Cost

[Peter Morgan]

Hi,

I have a home insurance plan with 'Guaranteed Rebuilding Cost' few months ago I had a water incident and when I filed a claim with the insurance company they did reimburse me for the water damage restoration agency as well as fixing other damages like fixing ceiling and a portion of wooden flooring that was impacted by the water issue. When I purchased the plan it had this clause 'Guaranteed Rebuilding Cost' I would like to better understand what is 'Guaranteed Rebuilding Cost' does that mean: "Now that the damage restoration is done we will also pay you for you rebuilding (for example in this case wooden flooring ) ?"If that's true is it something I have to ask the insurance company or insurance company will drive it.Appreciate your input

Thanks