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What is Optional "Bylaws Coverage" on your Homeowners Insurance Policy?

A transcript is available below the video...

You should consider adding bylaws coverage to your homeowners insurance policy.

What is Bylaws coverage? What is a bylaw?

Well, in some towns and municipalities they put an extra expense, or they ask you to build something bigger, better, or safer than you actually had in the first place. In some cases this will add expense, or an extra cost, to the reconstruction of your home.

For instance, let's say you have an 800 sqaure foot home. Your municipality in which you live says, "We're not allowing you to build anything less than a 1,000 square foot home". The difference that is incurred, is going to be incurred by you. Your insurance policy won't pay for any extra expense that comes out of an extra bylaw that your town puts upon you.

So, if you have an extra bylaws coverage endorsement, it will allow you to offset that expense for the extra construction cost. It's minimal, it only costs about $10 or $20 extra, and it could save you a lot in the long run.

So, if you want more information, please call your CSR, or give us a call at the office.

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