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A. Schoeneman & Co., Inc. > Blog > Understanding Ordinance & Law Coverage

Understanding Ordinance & Law Coverage

The commercial building you own is completely covered because you purchased a replacement cost policy right?    The answer to the question is maybe yes or maybe not.  No matter the age of your building you need to be concerned about Building Ordinance Coverage.  This necessary coverage is too often regarded as necessary only for older buildings.  The fact of the matter is that old and new buildings alike might not meet the current building codes should you suffer a loss.   There is an important endorsement to a policy  that can be purchased entitled building ordinance and law which would offset the increased cost of bringing your building up to code so that it would not come out of your pocket which could be catastrophic to your wallet as the code requirements could add up to serious dollars