What Does Dependent Properties Time Element Coverage Mean?

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What does Dependent Properties Time Element Coverage mean? Read on to discover the definition & meaning of the term Dependent Properties Time Element Coverage - to help you better understand the language used in insurance policies.

Dependent Properties Time Element Coverage

Dependent Properties Time Element Coverage

Time element property insurance that pays for the loss of income or increase in expenses resulting from damage from a covered cause of loss to the premises of another organization on which the insured depends, such as a key supplier or customer. The two types are dependent properties business income coverage and dependent properties extra expense coverage. Previously referred to as contingent time element coverage.

We hope the you have a better understanding of the meaning of Dependent Properties Time Element Coverage.

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