Contact Information: Contacts: Dan Ronan Ronan.dan@aaa-texas.com danronan@sprint.blackberry.net 469 221 8217/469 583 7070 Sarah Schimmer Schimmer.sarah@aaa-texas.com 713-284-6552
AAA Texas Announces the Availability of a New Guaranteed Rebuilding Cost Coverage Optional Endorsement
| Source: AAA Texas
IRVING, TX--(Marketwire - February 16, 2009) - AAA Texas has announced the availability of a
new Guaranteed Rebuilding Cost (GRC) optional endorsement for qualifying
homeowners from its affiliated carrier, the Auto Club Indemnity Company.
The GRC optional endorsement is an innovative insurance product that
provides Texans with 100% coverage for covered rebuilding costs.
"AAA Texas is proud to offer this new product to homeowners who understand
the value of protecting their home with 100% coverage for covered
rebuilding costs," says AAA Texas Vice President of Insurance Sales Vic
Ganino. "In the event of a total loss, such as a fire destroying the
entire home, your regular insurance coverage may not be enough to rebuild
your house to a similar condition to what it was prior to the fire. Having
this GRC optional endorsement adds another layer of protection for your
rebuilding costs."
AAA Texas encourages homeowners to review their homeowner insurance policy
to see if they are completely protected in case of a total loss to the
existing structure. A policy that may seem to offer full protection may not
cover the entire cost of rebuilding a home.
"The lowest premium may look good on the surface, but consumers need to
know what they are getting for their money," says Ganino. "Saving a few
dollars on a premium could mean inadequate coverage in the event the
structure needs to be rebuilt."
"AAA Texas is known for its commitment to providing Texans with a variety
of services and products that give peace of mind, including roadside
assistance and other insurance products like auto, home, umbrella and
watercraft insurance," says AAA Texas Public Affairs Manager Linda von
Quintus. "The GRC optional endorsement is our latest addition to the scope
of options for what is typically our biggest investment -- our homes,"
added Ganino.
For more information about the optional GRC endorsement's coverage terms,
exclusions, and conditions contact your insurance agent at a local AAA
Texas district office.
AAA Texas, a member of the AAA Federation of motor clubs, has been serving
Texans since 1902. Today, more than a million AAA Texas members benefit
from the organization's roadside assistance service, travel agency,
financial products, insurance products and services, automotive pricing,
buying and financing, trip planning services, and traffic safety programs.
Homeowners insurance is provided to qualified AAA Texas members by Auto
Club Indemnity Company. Information about these products and services is
available on AAA Texas' web site at www.aaa-texas.com.