When it comes to home insurance, many factors can influence your coverage and premiums. One factor that homeowners in Tustin, CA may not consider is local building codes. At Gambino & Wasson Insurance Brokers, Inc., we’re here to explain how these codes can impact your home insurance.
Building Codes and Rebuilding Costs
Building codes are regulations that dictate the standards for construction. If your home is damaged and needs to be rebuilt, it must be done according to the current building codes. However, these codes can change over time, and meeting the new standards can increase the cost of rebuilding.
Ordinance or Law Coverage
Most standard home insurance policies do not cover the additional cost of meeting updated building codes. That’s where Ordinance or Law coverage comes in. This coverage can pay for the increased cost of rebuilding your home to meet the current codes.
Reviewing Your Coverage
It’s important to review your home insurance policy to ensure you have adequate Ordinance or Law coverage. This is especially true if your home is older and the building codes have significantly changed since it was built.
Consult with Your Insurance Broker
At Gambino & Wasson Insurance Brokers, Inc., we’re committed to helping homeowners in Tustin, CA understand their home insurance coverage. We can review your policy and help you determine if you have sufficient coverage for your needs.
If you have any questions or need assistance, don’t hesitate to contact us.
