When you own a building, it's smart to choose replacement cost coverage if you plan to repair or rebuild after a covered loss. Replacement cost pays to repair or rebuild with new materials of like kind and quality to the damaged building.
Replacement cost coverage helps you but... sometimes it's not enough protection. Sometimes local ordinances, zoning laws or even federal laws like the Americans with Disabilities Act may require that you repair or rebuild to a Higher Standard after a loss.
Such laws may mandate enhanced specifications. For example, you could be forced to:
With our Laws Safeguard Coverage, three coverages come bundled in one affordable package, giving you cash to pay for loss to the undamaged portion of the building, demolition costs and increased costs of construction caused by enforcement of such laws.