After a loss covered under a dwelling policy, what does Ordinance or Law coverage pay for?

Ordinance or Law coverage in a dwelling policy specifically addresses the costs incurred to bring a damaged structure up to current building codes or laws following a covered loss. This type of coverage can include a variety of expenses, such as those associated with the demolition of the damaged structure, increased building costs to meet updated codes, and any required site cleanup that is mandated by local government authorities.

While option B mentions site cleanup, it is important to note that this coverage does not just pertain to government-mandated cleanup, but encompasses the broader scope of compliance with regulations that may require the property to be rebuilt or remodeled to meet current standards.

The other choices do not align with the specific intent of Ordinance or Law coverage. The value of the property pertains more to market value or appraisal rather than compliance costs. The replacement of pollutants deals with environmental hazards rather than structural compliance, and the restoration of historical properties is a niche area not covered as broadly under standard Ordinance or Law provisions.