After a covered fire, the city building department requires the owner to upgrade the dwelling's electrical wiring to current code before reoccupancy, adding $20,000 to the rebuild cost. Which coverage responds to this extra cost?
Explanation
The ISO Dwelling forms exclude increased construction costs caused by the enforcement of any ordinance or law regulating construction, repair, or demolition. An Ordinance or Law Endorsement adds back coverage, usually as a percentage of Coverage A, for the increased cost of complying with building codes during repair or rebuilding. Coverage A alone does not include this exclusion buy-back.
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