Newman Medical has a balcony on the top floor of their headquarters. During a severe rainstorm, lightning strikes the balcony, breaking it into pieces. The company would like to repair the balcony, but the state's new building codes require construction materials that are quite a bit more expensive than what was used originally. What coverage in their commercial property policy pays for this extra expense?

Newman Medical has a balcony on the top floor of their headquarters. During a severe rainstorm, lightning strikes the balcony, breaking it into pieces. The company would like to repair the balcony, but the state's new building codes require construction materials that are quite a bit more expensive than what was used originally. What coverage in their commercial property policy pays for this extra expense?



Answer: Increased construction cost

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