Which coverage helps mitigate costs associated with ordinance or law compliance during a rebuild?

The coverage that helps mitigate costs associated with ordinance or law compliance during a rebuild is known as Increased Cost of Construction. This type of coverage specifically addresses the additional expenses that may arise when a property must be rebuilt or renovated to comply with current municipal codes or regulations.

When a structure is damaged and needs to be rebuilt, there may be changes in building codes that require the upgraded construction methods or materials. Increased Cost of Construction coverage helps ensure that the policyholder can cover these extra costs without facing a financial hardship. This is particularly important in today's environment, where building codes often evolve, requiring adherence to more stringent safety, environmental, or zoning regulations.

In contrast, while Ordinance or Law coverage can also address some compliance issues, it is more focused on covering the loss arising from the enforcement of ordinances and laws that relate to the property, but it may not cover all costs associated with upgrading to meet those laws. General Liability and Workers Compensation cover different liability and employee-related issues, which are not specifically related to building code compliance in the context of rebuilding.