What Does Demand Surge Mean?

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What does Demand Surge mean? Read on to discover the definition & meaning of the term Demand Surge - to help you better understand the language used in insurance policies.

Demand Surge

Demand Surge

Increase in the cost of repair or replacement of damaged property that may occur following a large-scale disaster when many individuals and organizations vie for a limited supply of labor and materials needed for repair.

We hope the you have a better understanding of the meaning of Demand Surge.

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