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4706 A homeowner's policy that when initially issued contained "guaranteed replacement cost" coverage without regard to policy limits, but then was changed to provide that the policy limit established the maximum that would be paid for replacement, about which change the insured was informed every year when the policy renewed and every two years in a separate disclosure statement, did not cover replacement cost beyond the policy limit.CitationEVERETT v STATE FARM (Replacement Cost) 162 CA4 649 [See: Ins Code 10102; Fire Ins Exchange v Superior Court 2004 116 CA4 446, T/AT 4/04; Desai v Farmers 47 CA4 1110, T/AT 9/96]
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