codes may require the demolition of damaged buildings, sometimes
even buildings where actual fire or other damage was relatively
this occurs, there are three different losses which can be enormously
costly, and very often uninsured:
of the remaining (undamaged) portion of the building is lost.
of demolishing the remaining structure & cleaning up debris.
of improvements to comply with current building codes.
this comes into play on older structures, but can also affect more
modern buildings, given the ever-more-stringent codes being enacted.
Political pressures for A.D.A., fire sprinkler systems, earthquake-resistance
and other code requirements have grown exponentially. Standard fire
insurance policies do not provide for any of these costs, however
generally offer it as an option.