Ordinance And Law Coverage On A Home Owners Insurance Policy

June 20, 2011 by Leave a comment

home-insurance-homeowners-condo-insuranceHaving an older home or property, is almost sometimes like owning a beautiful antique. This could be your primary dwelling, seasonal property, rental condo or home. As newer homes are being built, your house keeps its individuality.  As we know, new code laws are either being updated or made to help try to improve, energy, safety, and other purposes. As a homeowner with your old house, this doesn’t effect you, because its most likely grand fathered in. Or Does it?

Most of the time it doesn’t effect the average homeowner. But when it comes to the possibility of a  insurance loss on your home or property, everyone can become vulnerable to new code laws. The chances are the older your home or structure, the less compliant they are with current codes. In the event of a total or partial loss of your property, for example due to a fire, when it is re-built it has to be compliant with all new county, city, city, state, federal and association codes.

This will cover you three ways:

  1. Loss to undamaged part of building or dwelling. (Example: The part of the undamaged building has to be demolished and rebuilt due to code.)
  2. Increased Demolition Cost: (Due to having to demolish and undamaged part of the building or dwelling)
  3. Increased Cost Of Construction. (Due to higher cost for compliance for new law codes)

Coverage is usually built in at, %10 of the structure/dwelling insurance amount. This can be increased with an endorsement or when a policy is started.

If you have any questions about your current policy, please contact us.

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Unknown's avatarAbout Mark Schneider
I am a certified firearms instructor and use-of-force expert with extensive real-world experience in firearms, security, and defensive tactics. Credentials & Experience: 20+ years of owning, collecting, and shooting firearms. 12+ years in the security industry, including physical security, executive protection, workplace violence prevention, loss prevention, CCTV operations, access control, incident management, and threat assessment. Denver Police Verified Concealed Handgun Permit (CHP) Instructor. Authorized Trainer for Denver Security Guard Training. NRA Certified Firearms Instructor – Pistol, Concealed Carry Weapon (CCW), Rifle, Shotgun, Inside the Home (ITH), Outside the Home (OTH), Range Training & Basic Verification (RTBV), Chief Range Safety Officer (CRSO). USCCA Certified Firearms Instructor – Concealed Carry & Home Defense Fundamentals (CCHDF). Force Science Institute Certified – Use-of-Force Analysis. De-escalation Certified Instructor. Massad Ayoob MAG-40 Graduate. Sig Sauer Academy Graduate – Pistol 103 & Pistol 104. Law of Self Defense – Instructor Program Graduate. Dave Grossman Academy – Completed The Bullet Proof Mind, On Combat, and On Killing courses. Axon Taser Certified Instructor. OC/Pepper Spray Certified Instructor. PPCT Defensive Tactics Certified Instructor. Glock Armorer. Novice Gunsmith. Licensed Insurance Producer. HAM Radio Operator. 8+ years as a teacher and instructor in firearms, self-defense, and related disciplines.

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