Covers added rebuilding costs needed to meet current codes or laws after a property loss

Estimated loss refers to the potential additional costs you may incur to comply with current building codes or ordinances when repairing or rebuilding your property after a covered loss. These costs can significantly increase the total loss amount. We’ve based our estimate on historical data regarding increased expenses due to code upgrades, demolition, and rebuilding in compliance with current laws.

Standard property insurance policies often provide limited or no coverage for the increased costs to rebuild resulting from the enforcement of current building ordinances or laws. This means that if your building is damaged and must be rebuilt or repaired to meet updated codes, you could be responsible for the additional expenses out of pocket.

USI works with carrier partners to enhance your property policy by providing Ordinance or Law coverage. This ensures that additional costs associated with demolition, increased cost of construction, and undamaged portions of the building required to be demolished due to code enforcement are covered, minimizing your out-of-pocket expenses.

Typically, no. Because of USI's expertise in risk management and strong relationships with insurers, we're often able to provide you with highly tailored insurance solutions with increased coverage at no additional cost.

No. These recommendations are a preliminary hypothesis based on what we know about you. Once we're your broker, USI will determine what data we need to perform a comprehensive analysis of your property coverage needs.

Every property is different, and the level of risk depends on factors such as operational hazards, natural catastrophe exposures, and physical protection in place. We analyze the specific risk factors of your property and recommend enhancements based on those findings. Rather than overselling, our goal is to offer coverage that matches your property’s unique exposures, preventing you from having to bear the financial burden of unexpected repairs.

The claims process with these enhancements is straightforward. These coverage enhancements ensure that more of your property is protected, reducing the chance of disputes over what is or isn’t covered. We streamline the process by clarifying coverage upfront and working closely with your carrier to minimize delays or complications in the event of a loss.