What is Code Coverage (a.k.a. “building ordinance or law coverage”)?

Insurance companies try to take into account the changes that will happen in the future that may affect what a building needs, and they’ve set up a sort of provisional coverage that may be added onto policies to protect your assets further. Dave Moore Insurance explains this coverage very well:

“Building Ordinance or Law insurance coverage is a common property insurance endorsement that reimburses property owners for cost associated with demolishing, repairing, rebuilding, or constructing a structure if a covered loss prompts additional changes due to laws or regulations. Usually, these ordinances or laws are associated with local building codes, which require the property to be up to current specifications.”

Read more about this particular coverage and how it can benefit your home insurance protection.