Explain Ordinance or Law Coverage To Avoid E&O Claims
One key to selling adequate ordinance or law coverage is explaining it clearly. When agents discuss this coverage with their policyholders, policyholders want to know why they need it and how much they should buy. Because those answers are complicated, a lot less ordinance or law coverage is purchased than is needed. At claim time, that can result in an errors and omissions (E&O) claim against the agent.