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
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