Every city has different code requirements that have to be met so it’s important for you to understand and know if you have code coverage added to your insurance policy. Code Coverage covers you in the event that your city has changed its codes requirements and you have to make an insurance claim. Usually, code coverage is an optional coverage that must be purchased in addition to your homeowner’s insurance.
I have code coverage: Code Coverage covers you in the event that your city has changed its codes requirements and you have to make an insurance claim. If you have code coverage you will not have to pay “increased cost” based on local code requirements.
I don’t have code coverage: In the event that you “do not” have code coverage and your local codes have changed, you will be required to incur “increased cost” out of pocket in order to meet your local code.
lity at current prices. For an additional premium, it is available for buildings and contents. Some insurers automatically include RCC in the homeowner policy; however, it is usually an optional coverage that must be purchased.RCV = (ACV + Deprecation + Deductible)