Q. What does GRC mean?

It means Guaranteed Replacement Cost, and it essentially means that if you suffer a total loss to your property (fingers crossed that never happens) and the damage exceeds the limits on your policy, your insurer must fully replace or rebuild your property without any deduction or depreciation.

GRC is built into your quote. In the event it costs us more to repair your home than the value we’re insuring it for, then the difference comes out of our pocket, not yours.