Ordinance And Laws Coverage Homeowners Insurance Melbourne Florida

Laws and Ordinance Coverage - Homeowners Insurance Melbourne Florida
Insurance Center of Central Florida
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Frank: I want to talk about a couple of coverages That Are fate of Florida and to Particular That You Really Need to address, Especially With The hurricanes. Kevin's going to start us With law and ordinance.

Kevin: There's a coverage Under Your Homeowners policy That's called law and ordinance or ordinance and law coverage, and What It That Does IS Provides Additional Funds Under Your Policy to Cover the Increased cost of construction to your home Because Of An ordinance or a law Because of not "any direct damage. And What I Mean by That Is, for example, if you live in Brevard County, If You Suffer Damage To The framing of your window after a hurricane As Is very common, very common As Is That Happens. The current building code Says That When You rebuild That property, Those windows Have to Be Built to a certain strength, and There Have to Be aussi Involved shutters.

Frank: Either impact glass or shutters.

Kevin: And When You think about Hurricane Andrew When It Happened In The Early '90s Down in the Homestead area, Because Of The Catastrophic damage like nothing ever seen anybody HAD Before from a hurricane - Catastrophic damage - You've Got Local Authorities coming out playing damage control Trying to Convince people, hey, we are not going to let this Happen Again. Something terrible this Will Never Happen Again. The Way That Is SO THEY THEY start to enforce new building codes. For example, Improvements To The roof-to-wall connections, Exchange In The Elevation Requirements for a Home That Is Too Close To The Water, In The elevation exchange. Such items have That Are Going To Cost More Money When You Have Your House Have Your Repaired or rebuilt house. Because Those Costs and HAD nothing to do With The Way Your House WAS Before the loss, your Homeowner's policy Does not Owe You Anything for That You Have Enough UNLESS insurance "under the ordinance and law Part of the policy. That's Why It Is important to Talk to the agent to know EXACTLY What the codes are in your area and how THEY could "The Impact of Rebuilding your house after it's Damaged.

Frank: Even now, last October, They Passed That law was if you put a new roof on, you Have to Have a secondary water-resistant barrier. So, if Those shingles blow off, Theres Another Layer to Protect You Before the house leaks, and Typically, that's like a peal and stick foam rubber optometrist Lay Down That Covers All the cracks, and a lot of times, They Do The Whole roof. So, if your shingles blow off, Will not your roof leak. That's the Biggest Problem. You're going to get water damage. So, Those code changes. Take your roof. I think it's about $ 2000 more per year to Do That. So, The Insurance Company That you have, if your roof blow off, Call the insurance company and say, hey, listen, the Roof WAS $ 8,000 to replace it, well, now I need this barrier. Well, hey, Without this ordinance and law coverage, They Would not pay the $ 2,000. Law and ordinance insure That You get that $ 2,000. So, do you want to make sure You Have That. Keep in Mind That It Comes in Different Levels. Policies Give You Some 10% of The Value Of The House. Again, If You Have a $ 100,000 house, 10% is $ 10,000. You Could by 25%, Which Would Be - was $ 100,000 house - It Would be $ 25,000. Again, you could "go to 50%, Which Would Be $ 50,000 was $ 100,000 house. What you want to do, though, make sure iz at least you know WHERE you stand. Do not just ignore it, put your head in the sand and say, ahh, This Will Never Happen To Me. " This Is Florida. We Have fires, We Have hurricanes. So, These Things Happen do, so you want to pay a.