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Commercial
Coverage is a client driven commercial property insurance brokerage with a network of over 100 carriers providing national
coverage for Apartments, Mixed Use, Single Tennant, Construction (Condos, Tracts, Apt etc.), Conversions, TIC, HOA 's
offering Fire, Liability, Umbrellas, Earthquake, Flood, Wind and much more. Need a QUOTE or INDICATION?
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| | | Building Ordinance Coverage
Do you know .... Building
ordinance coverage is purchased as an endorsement, additional coverage, to provide coverage
for three types of common building ordinance or law requirements that apply after an insured has suffered a physical damage
loss such as a fire. These ordinance or law damages are normally excluded in standard property coverage forms. The coverage's available in this
endorsement are: - The cost to demolish the undamaged portion
of the building.
- The cost to replace with superior construction as
required by law.
- The cost to clear the land of debris after demolition.
The most common oversight for Building Ordinance Coverage is the
trigger for a covered claim. You must have a "covered cause of loss" for this coverage apply. In the
event you have an ordinance problem without a covered loss, this coverage does not apply.
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