Matching Coverage
Definition:
Insurance that pays to replace undamaged property to ensure repairs match.
Explanation:
Without matching coverage, insurers may only replace damaged sections, even if repairs don’t visually match. Some states have regulations requiring matching.
Example:
If hail damages half your roof shingles, matching coverage ensures the entire roof is replaced so all shingles are uniform.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.