Question

In Florida, what is the automatic percentage for building ordinance and up to what amount can you increase it to under the residential property policy?

A. 0
B. 10% included option to add 15%
C. 10% - 25%
D. 5% to $10,000 max

Answer 1

The automatic percentage for building ordinance in Florida under the residential property policy is 10%, with an option to add an extra 15% to the coverage.

Step-by-step explanation:

The automatic percentage for building ordinance in Florida under the residential property policy is 10%. This means that the policy includes a built-in coverage of 10% to cover any increase in building costs due to ordinance requirements.

Additionally, the policy allows for an option to add an extra 15% to the coverage, bringing the total coverage up to 25%.

Moreover, policyholders have the option to enhance this coverage by an additional 15%, bringing the total building ordinance coverage to 25%. This flexibility allows property owners to align their insurance protection with the specific risks and regulatory landscape in their region.

Therefore, the correct option is B. 10% included option to add 15%.