Ordinance or Law Coverage: Why Is It So Important? | The breadth and depth of insurance comes down to the many details found in the policy’s language, terms, endorsements, and exclusions. This is true, as it is for all types of insurance, when it comes to protecting one’s commercial property. In looking to put together a comprehensive Property insurance program designed to respond in the event of a loss, valuation method and the policy’s corresponding core limits, deductibles, coinsurance provision (if any), and pricing are all integral to the review process. Equally important is taking a close look at coverage gaps and the available additional coverages to address these gaps.