Final answer:
Coverage B in a Commercial Property policy deals with added costs due to the enforcement of building codes or zoning laws when repairing or replacing a damaged property.
Step-by-step explanation:
Coverage B of the Ordinance or Law Endorsement to a Commercial Property policy typically addresses the increased cost of construction or repair of a damaged building to comply with current building codes or laws. Such codes or laws often arise from land-use regulations, such as zoning, that business owners must adhere to.
Zoning regulations have been widely implemented across the United States since their inception in New York City in 1916. As part of a commercial property policy, this coverage is vital for a business owner whose property may be damaged or burglarized, necessitating not just simple repair or replacement, but also upgrades to meet the latest standards imposed by government entities.