Home Insurance:What exactly is guaranteed rebuilding cost?

[Peter Morgan]

Hi,

I just wanted to better understand what exactly it means when an insurance company indicates 'Guaranteed Rebuilding Cost' in their policy. I had a water leak incident that partially damaged the flooring I had to file an insurance claim to remediate and  avert the secondary damage as well as fix the partial damage flooring. So far so good in terms of  addressing disaster recovery.However the flooring now looks patchy and it doesn't look the same  as it was before the incident.The water damage restoration company told me 'Guaranteed Rebuilding Cost' addresses this patchy scenario to payout and redo the entire flooring and the insurance company is supposed to pay me to redo the entire flooring but the insurance company never came back to me after the initial disaster recovery. Appreciate inputs from experienced members.

Thanks