For the period of restoration, which is not the same as how long you are actually closed. The clock runs from the date of loss and ends when the property should reasonably have been repaired, rebuilt, or replaced with similar quality, whether or not it actually was. A slow rebuild does not extend it. Two things can extend it. An extended business income period continues for a stated number of days after you reopen while revenue recovers. Ordinance or law time element coverage funds delay caused by code-required upgrades. Both are added, not assumed.
Related FAQs
Enough to cover lost income and the expenses that continue during a realistic recovery period, which is the part most often underestimated. The figure is usually built from a ...
That may be covered by dependent or contingent business interruption, which some programs include or add. We will review whether it fits your business.
No. It follows a covered property loss, so the underlying event has to be covered by your property policy.
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