Additional Coverages & Exclusions
Which group of coverages are the most common 'time element' coverages?
Answer
Business interruption, extra expense, and loss of rents
Time element is 'insurance that covers other losses stemming from a direct loss by a covered peril to business property. Business interruption, extra expense, and loss of rents and rental value are the most common time element coverages.'
Source: CA Dept. of Insurance, Small Business Guide to Commercial Insurance (Form 700)
Not the answer
- Employee theft, forgery, and robbery
- Hull, cargo, and freight
- Fire, lightning, and windstorm
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