Commercial property owners in Naples benefit from knowing about every type of insurance coverage available to them. A policy coverage that can be overlooked is “Ordinance and Law.” This coverage basically responds to new building code costs mandated by the municipality prior to allowing reconstruction to begin.  There is no other cost associated with a major damage claim and reconstruction effort that is experienced by a property owner than a building department forcing this issue on your rebuilding effort. This guide walks you through what everything you need to know about ordinance and law coverage in Naples, Florida.

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Every Type of Ordinance and Law Coverage In Naples

What, exactly, does ordinance and law coverage entail in Naples? Business owners, commercial property owners, and commercial property managers in the area have three types of coverage available for assistance in recovery:

Coverage A

Like a car that’s been designated as “totaled”, sometimes, the building department will require you to destroy the entire property before conducting repairs. That means destroying even parts of the property that are still in good condition. Ordinance and Law-Coverage A compensates you for the rebuild value of the undamaged part of the property that needed to be demolished as a result of surrounding property damage.

Coverage B

Demolishing an entire building or the parts designated by your building department whether damaged or not can be an expensive endeavor. Ordinance and Law Coverage B can take care of these expenses, as proper clearing is required by Naples’ local authorities.

Coverage C

Building codes have become stricter over time and for older buildings this can cause financial problems when faced with large, complex damage. Ordinance and Law-Coverage C helps with the increased costs of repairing or rebuilding a commercial property in accordance with the current regulations set in Naples. This coverage covers the increased cost of construction, to comply with new building codes passed since your building was built or remodeled/repaired under permit.

Learn more > Understanding Business & Commercial Property Insurance Claims: 4 Key Details

Why Naples Commercial Property Owners Hire Public Adjusters

It is a difficult undertaking to deal with a building department for permitting, let alone when you have your insurance company involved.  This complex process requires professional guidance to get through the process successfully.

Much of the complexity in dealing with this type of coverage BEFORE YOU ARE PAID is an insurer’s mandate that:

1) You must prove that the new work is required by the municipality’s building department

2) You must segregate the difference in costs between old construction to new

3) You must prove that you actually did the work as mandated

4) You must prove that you actually spent the money claimed, to the penny

5) You must get the insurer to agree to all of it

Did you notice that each requirement listed before payment by the insurer started with YOU??

Only an experienced public adjuster is capable of putting all of these pieces together to allow for this complex process to be navigated successfully and in a timely fashion.  To leave this process in the hands of a contractor and an insurance company adjuster will not produce the results needed to recover insurance funding properly and keep you from reaching into your pocket to fund this unexpected cost.

Ordinance and law coverage in Naples branches out into various aspects of commercial property damage recovery and is often too complex for the typical business owner. The best way to navigate ordinance and law coverage is to hire a reputable team of public adjusters in Naples that is fluent in the current rules and regulations regarding commercial property restoration in the area.

Here is what you can expect after hiring a Naples-based public adjuster:

1. A policy review to see what coverage you qualify for, including ordinance and law endorsements available to you in Naples.

2. A professional damage assessment of your property. Even if your insurance company provides a damage report, it’s good to have another assessment to compare.

3. Your public adjuster will represent you when negotiating settlement amounts and resolving disputes with your insurer.

Protect Your Commercial Property and Get What You Are Owed When You Hire Altieri Insurance Consultants Naples!

Make sure you get what you are owed with a dependable team of public adjusters who specialize in commercial property insurance in Naples, including ordinance and law coverage. Call Altieri Insurance Consultants Naples today at (813) 247-4757 to meet with the partner property owners rely on!

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