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 replace with superior construction as required by law.
- The cost to demolish the undamaged portion of the building.
- 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 to apply. In the event you have an ordinance problem without a covered loss, this coverage does not apply.
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