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Understanding the Importance of Ordinance or Law Coverage

Virtual University monthly webinar, earn 2 hrs. P&C credit in South Carolina


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Insurance agents do a bad job of explaining the concept of "replacement cost." We tend to tell clients they will get brand new stuff and while that may be partially true, partial truths still get you sued. 

One roadblock to replacement cost is building codes also known as ordinances. Unendorsed policies offer only a VERY limited amount of coverage for the increased costs to rebuild due to these ordinances, and when your insured is forced to pay these additional costs out-of-pocket, they are going to be mad!

Topics covered include:

  • The purpose of ordinance or law coverage;
  • Coverage gaps creating the need for ordinance or law coverage;
  • Sources and enforcement of building codes;
  • When damage is considered “major";
  • Common ordinance or law requirements and coverage limitations;
  • Three commercial property ordinance or law coverage forms;
  • Ordinance or law coverage (CP 04 05);
  • Ordinance or law - increased period of restoration (CP 15 31);
  • How to develop ordinance or law premiums;
  • Ordinance or law example; and
  • A little something extra: ordinance or law for your homeowners' clients.


The instructor is Big 'I' Executive Director of Risk Management & Education, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS.

Cost is $79 for SC Big I members


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