What it does
Raises the percentage of Coverage A available for ordinance or law costs, such as code-required upgrades and demolition of undamaged parts, under the broad and special forms.
Who needs it
Owners of older rental properties where code upgrades would be costly.
Quoting and selling notes
- Ask the age of wiring, plumbing and roof; older buildings often need more than the base amount.
Editions and availability
Current edition 12 02, replacing 07 88. Carriers adopt ISO editions state by state, so the edition on a given policy can lag the newest one.
Program notes
Dwelling policies are written for the property owner, not the occupant, and are the usual vehicle for landlords of one- to four-family dwellings. Because the forms carry no liability coverage, review every dwelling file together with DL 24 01 (or the homeowners or commercial policy that provides premises liability), and with any personal umbrella the client carries.
