What is Ordinance and Law Coverage and Why Associations Need It

Disaster strikes!  Several of the buildings in your association are heavily damaged.  Will the association's insurance pay to demolish the undamaged portions of the buildings?  What if rebuilding the structures requires the association to install improvements such as a fire prevention sprinkler system or doors and hallways to accommodate disabled persons not contained in the original buildings, but now are required by law?  This article discusses why and how associations can properly insure for this kind of dilemma through Ordinance and Law Insurance.

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