01.Core Concepts

The business income form provides several optional coverages, including: A maximum period of indemnity of 120 days A monthly limit of indemnity that eliminates the coinsurance requirement and limits the maximum monthly amount that will be paid for each consecutive 30-day period Business income agreed value, which suspends the coinsurance clause and places no limit on the monthly amount paid, provided that the agreed amount of insurance is carried An extended period of indemnity, allowing for a longer period for completion of repairs