Combined Ordinance and Law Coverage
Helps pay the extra rebuilding costs when a disaster damages part of a building and local law requires the school to tear down remaining undamaged portions of the building.
How can this benefit you?
Covers up to the the limits shown in your policy declarations:
- The undamaged portion of the building that is legally required to be torn down.
- The increased cost of demolishing and removing the debris of an undamaged portion of the building which is required to be torn down.
- The increased cost of rebuilding the building in a manner that is compliant with current building codes.
Example of Claims Covered
Fire: A fire destroys the school office and most of the rest of the building, but some areas are salvageable. However, a local law states that when more than 75 percent of a building is destroyed, the entire structure must be torn down and replaced. Combined Ordinance and Law Coverage fills the gap between the cost of replacing what was actually destroyed and the value of the complete building – what the law requires to be replaced.
