Law and Ordinance Coverage
A disaster can strike in an instant. Are you sure that your house is covered by your homeowner insurance policy? Do you know if your home is insured for full replacement cost? Are your policy limits sufficient enough to pay for the cost of repairing your home after the next hurricane blows through and takes off a good portion of your roof? If your house was completely destroyed, are you certain that you will have more than enough money to rebuild? The answers to these questions depends if you have Law and Ordinance coverage.
Basic homeowner insurance policies will pay the cost to replace your home to its original building standards. In other words, if you take a snap shot of your home the split second a disaster strikes, that is the condition your insurance company must restore your home to. However, building codes and ordinances have changed over time and may not be the same as when your home was built. Law and Ordinance coverage offsets the difference between what it costs to meet current building codes and what your basic homeowner's policy will pay.
It's important for all Florida homeowners to be aware of Law and Ordinance coverage and to speak with an attorney to verify if their policy contains this coverage to ensure that there home will be covered when a disaster strikes.
The following losses may be covered depending on your insurance policy:
- Damage to real property, equipment, machinery, personal property and inventory
- Lost profits caused by business interruption
- Cost of preventive actions taken
- Cost of temporary or emergency repairs
- Cost of temporary labor
The insurance claims attorneys of Gordon & Doner will assist you in handling all your first party claims and addressing all coverage's within your insurance policy. Whether your claim is related to property damage, business interruption, extra expenses incurred as a result of a covered loss, pollutant cleanup and its remediation and increased cost of construction, personal property loss and replacement cost issues, our main responsibility is to make sure that you are treated fairly by your insurance company.
If you need a skilled homeowner's claim attorney, please contact Gordon & Doner at 1-800-659-1159 or complete our online contact form for a free, no obligation and confidential consultation.
