Ordinance or Law Insurance – Is Your Hotel Covered?
The latest edition of Insights for Your Industry “Ordinance or Law Insurance — Are You Covered?” is now available! This informational piece discusses the importance of law and ordinance insurance for property owners when it comes to rebuilding an existing structure that has been extensively damaged. Cities or municipalities ordinarily require that the structure be rebuilt to conform to the current building codes. If the property owner does not have the insurance in place to cover the additional expenses associated with complying with current building code standards, they may have to pay these costs out of pocket.
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