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Will my homeowner policy pick up the extra cost of having to conform to current building codes (e.g., rebuilding a brick instead of a frame home?)

Excellent question! Most likely -- no. You should inquire with your agent or broker about this. Most property policies do not pay for this. You should also think in terms here of your cottage coverage. For example, local bylaws may require that a replacement cottage be moved further back from the lake, possibly involving significant extra expense.