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Understanding Building Codes Coverage in Home Insurance
This chapter emphasizes the critical need for building codes coverage in homeowner's insurance, detailing the financial consequences that can arise when an older home must comply with updated codes after damage. Through real-life examples, it explains the potential costs homeowners may incur if their policies do not include adequate coverage for these updates. Additionally, the chapter discusses key insurance considerations for property owners, including the importance of transparency with insurance carriers and adequate liability protection for rental properties.