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3042 - Difference in Conditions Coverage —
3041 - Earthquake Insurance:
3040 - Coinsurance/Insurance to Value Revisited:
3039 - Insurance Coverage For Collapse
3038 - Increased Cost of Construction Coverage
3037 - Builder's Risk Insurance:
3036 - Margin Clauses Making Agreed Value Options Extinct!
3035 - Equipment Breakdown Insurance:
3034 - Soft Cost or Delay in Opening:
3033 - Flood
3032 - Overhead & Profit:
3031 - The Effect of Sale of a Commercial Property on a Pending Insurance Claim
3030 - Pair, Set and Match: Replacement of Undamaged Hotel Furnishings
3029 - The Length of the Road Back from Disaster
3028 - How to Make the Most of an Underinsured Loss
3027 - Hurricanes and Windstorm Coverage
3026 - Functional Replacement Cost
3025 - Valuable Papers and Records
3023 - Salvage
3022 - Concurrent Causation
3021 - Agreed Value Clause
3020 - Business Income Insurance Q&A
3017 - Property Insurance Claims:
3016 - Disaster Recovery Planning
3015 - Multi-Family Complexes: (Apartment and Condo)
3015 - Hail Damage Can Create Difficult Insurance Claims
3013 - Valuing Business Income Exposures:
3012 - Proving an Insured Loss: Policyholders Need Experts Too
3011 - Disasters Raising Questions of Insurance Adequacy
3010 - Debris Removal and Pollution Damage
3009 - Ordinance or Law Coverage:
3008 - Business Income Insurance
3007 - Subrogation:
3006 - The Valuation Gap:
3005 - Sometimes It's What the Policy Doesn't Say That Counts!
3004 - Expecting the Unexpected Part of the Unexpected
3003 - Risk Assessment: Evaluating Coverage from a Loss Perspective
3002 - The Extended Period of Indemnity Endorsement
3002 - Coinsurance
2003 - E-Edition: Actual Cash Value Depreciation Deduction
2002 - E-Edition: Contingent Business Interruption Issues Continue
2001 - E-Edition: Japan Earthquake a Wake-Up Call for Contingent BI
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Ordinance or Law Coverage

Ordinance or Law Coverage: Code for Recovery!

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EDITOR'S NOTE


More Firsts for Adjusting Today!

Those who have followed Adjusting Today since its inception know that we have regularly sought the input of our readers in covering topics that address their needs and interests. Many of the articles we have featured have been the result of comments and suggestions received.

We're pleased to note that the subject addressed in this issue was the direct result of reader requests. Ordinance or Law Coverage is a subject about which relatively little has been written. Yet it is a very real and timely concern for today's insurance professional—whether involved at the agent/broker level, as an insured or risk manager, or in the claims settlement process.

This issue also includes another first, as we're pleased to welcome distinguished insurance writers Paul O. Dudey, CPCU and Donald S. Malecki, CPCU to our editorial board.

We hope you'll find this issue interesting and helpful!

—Sheila E. Salvatore, Editor

After a severe property loss, the first shock comes in learning that rebuilding a damaged or destroyed structure so that it conforms to the latest building codes can add 50 percent or more to recovery costs.
   
Then comes the unpleasant surprise of discovering that the "Ordinance or Law" exclusion in the property
insurance policy will prevent a full recovery—even though replacement cost coverage is provided, limits are sufficient to fully cover the replacement, and no coinsurance or similar limitations are applicable.
   
With building codes continually changing—requiring features like new or improved sprinkler systems, better

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