Skip to main content
 Blog 
Thursday, January 24 2013
Building Ordinance Coverage:
What's Your Responsibility? 


A building is covered for a limit of $1 million. The building was partially damaged (60%), in a fire. Local ordinances require upgrading to the current building code when damage or renovations exceed 25% of the building and also require the demolition of the undamaged portion of the building. In this case, the total cost for demolition, debris removal, and increased cost of reconstruction totaled $1.5 million. You do the math! What went wrong?
Building Ordinance Coverage
Building ordinance coverage provides three basic coverages:  A. loss to the undamaged portion of the building, B. demolition and removal of the undamaged portion of the building and C. any increased costs of repair or construction due to enforcement of building codes. This coverage needs to be added to the policy as the basic form provides minimal coverage for the enforcement of any ordinance or law.  The value of Building Ordinance Coverage is to provide coverage for these costs.
For more information please call or email Nickie Heath Insurance Agency and we will be happy to answer your questions.
858-487-3737
Posted by: AT 01:58 pm   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

    Licensed in all 50 states: CA license #0D79653
     

    Company

    Get A Quote

    Service

    Contact Us

    About Us Business Quotes  Customer Service Numbers Nickie Heath Insurance Agency
    16855 W. Bernardo Dr. #230
    San Diego, CA 92127
    Phone: (858) 487-3737

    Email Us
    Our Staff View All Quote Types
    Manage My Policy
    Carriers We Represent  Client Report Card
    Mobile Website

    © Nickie Heath Insurance Agency, 2012

    Terms & Conditions | Copyright | Privacy Policy

    Please note that insurance coverages can not be bound via this website. For assistance please contact the office directly.
    Unauthorized duplication or publication of any materials from this site is expressly prohibited.
    Powered By: Insurance Web Designs Websites For Insurance Agents