What coverage does the ordinance or law endorsement NOT provide?

The ordinance or law endorsement is designed to provide coverage that addresses the additional costs incurred to comply with current laws or ordinances when repairing or rebuilding a property. This includes:

• The cost of demolishing undamaged portions of a building that must be removed due to current building codes.

• Loss to the undamaged portion of a building, which refers to situations where part of the building must be brought up to code, thus potentially resulting in loss.

The endorsement also covers the increased costs of reconstruction that result from complying with legal standards, which can be significantly higher than the original construction costs.

However, loss of revenue while repair work is underway is not covered by the ordinance or law endorsement. This type of coverage typically falls under business interruption insurance, which is separate from the ordinance or law coverage. While repairs are being made, a business may indeed experience a decline in revenue due to the inability to operate fully; however, this financial loss is not compensated by the ordinance or law endorsement itself. Thus, the correct answer highlights what is outside the realm of the endorsement's provided protections.