Older and historic buildings are a piece of history. Often, they can be a significant part of a town’s culture. If you own an older or historic building – whether it’s a home or business – also means you likely have had repairs that required more modern solutions. But what if you had a large issue that resulted in a claim on your insurance, and the repairs or rebuild meant you had to update your building for modern codes and regulations? Would you be covered?
This is where Ordinance and Law coverage can be of value. It provides essential coverage that helps bridge the gap between older construction methods and modern building codes.
What is Ordinance and Law Coverage?
Ordinance and Law Insurance is designed to protect property owners against the added costs associated with bringing a building up to current codes following partial or total damage. For historic buildings, this type of insurance can be crucial. Without it, owners might find themselves facing substantial out-of-pocket expenses to make necessary upgrades during repairs or rebuilding. This might include:
Building Code Updates
Significant changes in regulations can mean that even minor repairs could require major updates to your building. Ordinance and Law coverage may helps cover these additional expenses, ensuring your building is both safe and compliant.
Electrical Needs
Older buildings often come with wiring that no longer meets today’s safety standards. This coverage may assist in upgrading the electrical systems during renovations or repairs, reducing the risk of future electrical hazards.
Plumbing Construction
Plumbing in historic buildings may not align with modern health and safety standards, and may use materials that are no longer recommended. Coverage can support necessary upgrades, preventing water damage and ensuring safe, efficient operation.
Technological Advancements
With technological advancements, older buildings may need substantial infrastructure modifications to accommodate modern conveniences. Ordinance and Law coverage may help manage the cost of such upgrades.
Preserve and Protect Your Historic Building
For historic building owners, preserving the history of your property while adapting to the present is a delicate balance. Ordinance and Law coverage not only protects your investment but also supports the preservation of our architectural heritage by making it feasible to maintain these structures within the framework of modern codes.
Talk with our agents to discuss your building’s needs and you can discuss if Ordinance and Law coverage may be something that’s right for you.
Older and historic
buildings are a piece of history. Often, they can be a significant part of a
town’s culture. If you own an older or historic building – whether it’s a home
or business – also means you likely have had repairs that required more modern
solutions. But what if you had a large issue that resulted in a claim on your
insurance, and the repairs or rebuild meant you had to update your building for
modern codes and regulations? Would you be covered?
This is where Ordinance
and Law coverage can be of value. It provides essential coverage that helps
bridge the gap between older construction methods and modern building codes.
What is
Ordinance and Law Coverage?
Ordinance and
Law Insurance is designed to protect property owners against the added costs
associated with bringing a building up to current codes following partial or
total damage. For historic buildings, this type of insurance can be crucial.
Without it, owners might find themselves facing substantial out-of-pocket
expenses to make necessary upgrades during repairs or rebuilding. This might
include:
Building
Code Updates
Significant changes in regulations
can mean that even minor repairs could require major updates to your building.
Ordinance and Law coverage may helps cover these additional expenses, ensuring
your building is both safe and compliant.
Electrical
Needs
Older buildings often come with wiring that no longer meets today’s safety
standards. This coverage may assist in upgrading the electrical systems during
renovations or repairs, reducing the risk of future electrical hazards.
Plumbing
Construction
Plumbing in historic buildings may not align with modern health and safety
standards, and may use materials that are no longer recommended. Coverage can
support necessary upgrades, preventing water damage and ensuring safe,
efficient operation.
Technological
Advancements
With technological advancements, older buildings may need substantial
infrastructure modifications to accommodate modern conveniences. Ordinance and
Law coverage may help manage the cost of such upgrades.
Preserve and
Protect Your Historic Building
For historic
building owners, preserving the history of your property while adapting to the
present is a delicate balance. Ordinance and Law coverage not only protects
your investment but also supports the preservation of our architectural
heritage by making it feasible to maintain these structures within the
framework of modern codes.
Talk with our agents
to discuss your building’s needs and you can discuss if Ordinance and Law coverage
may be something that’s right for you.