WHAT IS ORDINANCE OR LAW COVERAGE IN HOMEOWNER INSURANCE?

The policy as amended by Special Provisions – Florida (UI 100) automatically provides up to 25% of Coverage "A" limit, as an additional amount of insurance, for increased costs necessary to comply with the enforcement of any ordinance or law which requires or regulates construction, repair or demolition of damaged property. Ordinance or Law Coverage may be increased from 25% to 50% of the Coverage "A" limit. The rate for this increased coverage is calculated as: 0.05 x (AOP Base Premium + Wind Base Premium + Increased Limits)

For more information, please contact me.
Juan David Espinosa
www.es-insurance.com 

How soon after my son gets a driver's license do I have to add him to my auto insurance?

If your child  is driving your vehicle, you may or may not have to add them to your insurance policy. These rules vary based on state and insurance company.

You are required to add children to your policy if they are going to operate any vehicles on your policy. Your insurance company may require you to add your children to your policy if they are licensed drivers that live in your home. This applies even if the child will not be operating the vehicle on the policy. 

Is it extremley important to understant that not disclosing this information is considered fraud. You will want to check the auto insurance laws in your state as well as the expectations of your insurance carrier for this particular situation.

For more information, please contact me
Juan David Espinosa
www.es-insurance.com