Ordinance or Law is bundled into three coverage parts
| Coverage
A – Coverage For Loss To The Undamaged Portion Of The Building
Coverage A will pay for the loss in value of the undamaged portion of the building as a consequence of enforcement of an ordinance or law that requires demolition of undamaged parts of the same building. |
| Coverage
B – Demolition Cost Coverage
Coverage B will pay the cost to demolish and clear the site of undamaged parts of the same building, as a consequence of enforcement of an ordinance or law that requires demolition of such undamaged property. |
| Coverage C – Increased Cost Of Construction Coverage
Pays the increased cost to:
(1) Repair
or reconstruct damaged portions of that building; and/or
(2) Reconstruct
or remodel undamaged portions of that building, whether or not demolition
is required; when the increased cost is a consequence of enforcement of the minimum requirements of the ordinance or law. |