Why most of our customers have a general idea of what there Home insurance covers most don’t understand covered perils and how the claim is handled. Just like I don’t understand a lot of things under the hood of my car that the mechanic does. Ordinance and law coverage is one of them.
One of our clients in Winter Haven Florida had a kitchen fire recently they deemed the house was over 40% damaged because it was not built to code the county is requiring to be removed and rebuilt from ground up. The undamaged portion of the structure has to be tore down and rebuilt due to a change in municipal codes. This is where ordinance of law coverage comes into play.
Normally your policy comes with a percentage a lot of times it is 10% of the structure value, in some cases you can increase the percentage for a fee.
Ordinance of law coverage is designed to pay for:
I would suggest becoming familiar with local and state zoning laws. You can contact zoning board and ask the questions such as:
At Lock insurance we always recommend this coverage and really stress on older homes, contact us today so we can review your current policy to make sure you have the correct information so you can make a wise decision. Once the claim happens its to late to review your policy and implement the changes.
Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.
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