Why you should keep ordinance and law coverage on your home
Getting homeowners insurance can be a daunting task. There are so many choices and options it's hard to know which coverages you actually need and which ones you can opt-out of to keep your premiums down. As a public insurance adjuster, we're hired to handle the insurance claim process for homeowners which involves reviewing policies and determining if your property damage is covered by insurance. One coverage we tend to see people eliminate is law and ordinance (O&L) coverage. O&L is mandatorily offered by statute but for lower premiums, you can reject it by signing a waiver or written refusal.
What is O&L coverage?
O&L coverage pays for the increased cost required to repair or replace your home due to a local ordinance, building code, or law requirements. This endorsement is offered at either 25 percent or 50 percent of the main dwelling limit (Coverage A).
How does having O&L coverage affect your claim?
The Florida
With the ever-changing building requirements, even homeowners with relatively new homes could be on the hook to pay more out-of-pocket than their deductible if they decline O&L coverage. Check your policy today to make sure you're covered if the unexpected happens.
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