How does the ‘Default’ option work for the Ordinance and Law endorsement?
When the ‘Default’ option is selected for the Ordinance and Law endorsement, rates are processed using the amount of Ordinance and Law coverage included in the base policy, resulting in no additional premium attributed to Ordinance and Law coverage. This functions similarly to the other coverage options for which a ‘Default’ option is available. For HO3s, the Ordinance and Law coverage option will always be pre-populated with the ‘25%’ option, due to the state requirement of having the insured sign a waiver when Ordinance and Law coverage is reduced below the 25% coverage amount. If you prefer to process rates with Ordinance and Law coverage different from the ‘25%’ option, simply modify the drop down accordingly. For forms other than HO3, the Ordinance and Law coverage option will always be pre-populated with the ‘Default’ option, which results in rates being processed using the amount of Ordinance and Law coverage included in the base policy, which varies by carrier. You may review t
