MLchartDataset catalogue

Ordinance or law coverage

Term · Insurance and risk management · MLC-T-INS-002431

An additional insurance provision that extends coverage for losses caused by the enforcement of building ordinances or laws. This includes the increased cost of repairs or reconstruction due to updated building codes after a covered peril. It addresses expenses such as the cost to demolish an undamaged portion of a structure or the increased cost to rebuild to current standards.

Table 1. Record
IdentifierMLC-T-INS-002431
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-002431",
  "term": "Ordinance or law coverage",
  "field": "Insurance and risk management",
  "definition": "An additional insurance provision that extends coverage for losses caused by the enforcement of building ordinances or laws. This includes the increased cost of repairs or reconstruction due to updated building codes after a covered peril. It addresses expenses such as the cost to demolish an undamaged portion of a structure or the increased cost to rebuild to current standards.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/ordinance-or-law-coverage/"
}

Record 2,403 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.