Direct answer
Yes, because historic homes often require ‘ordinance or law’ coverage to pay for the increased costs of repairing a property to meet modern building codes that did not exist when the home was originally built.
Industry underwriting guidelines regarding replacement cost estimation and building code compliance. For additional information about property insurance principles and replacement cost standards, see the Insurance Information Institute‘s industry resource hub.
What this means for you
Yes, because historic homes often require ‘ordinance or law’ coverage to pay for the increased costs of repairing a property to meet modern building codes that did not exist when the home was originally built.
ARMFOX HEALTHCARE
Protecting Your Future with Confidence
No pressure. No jargon. Just honest answers from advisors who genuinely care about your family’s protection.
This page is informational and not a coverage guarantee or quote.