Part 8/10:
The final bucket is called ordinance and upgrades. This coverage addresses the additional costs needed to comply with current building codes when rebuilding. For older structures, there can be significant costs tied to updates. Although we had $100,000 allocated for these upgrades, we had to negotiate further to cover costs exceeding that amount as they arose.
The Ongoing Struggle and the Importance of Documentation
Throughout our ordeal, it became evident that the lack of clear documentation and the insistence on vague terms were tactics used by insurance companies to limit their financial liability. Understanding this helped me negotiate better, yet many still struggle without the knowledge of what they're entitled to.