What is Ordinance & Law Coverage?
With building codes continually changing, Ordinance and Law Coverage, is an important endorsement that covers the additional costs to repair damage or replace a building in the event of a covered claim. Older structures may need upgraded electrical; heating, HVAC; and plumbing units based on city codes.
After a severe property loss, the first shock comes in learning that rebuilding a damaged structure so that it conforms to the latest building codes can add 50% or more to your recovery costs. Then comes the unpleasant surprise of learning that the required upgraded building code costs are specifically excluded.
Standard property forms provide coverage for the indemnification of the actual physical structure and returning the building to the condition it was prior to the loss from a covered peril. But, NOT the increased cost of rebuilding, repair or remodeling due to local, state and federal building codes.
Contact your Local Independent Agent to find out how you can get coverage.