What Does Extended Period of Indemnity Endorsement or Option Mean?

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What does Extended Period of Indemnity Endorsement or Option mean? Read on to discover the definition & meaning of the term Extended Period of Indemnity Endorsement or Option - to help you better understand the language used in insurance policies.

Extended Period of Indemnity Endorsement or Option

Extended Period of Indemnity Endorsement or Option

Adds coverage under a business interruption policy for loss of income suffered during a specified period of time (e.g., 30, 60, 90 days) after the damaged property has been repaired. In the absence of this endorsement or option, business interruption coverage typically ends on the date the damaged property is repaired or replaced.

We hope the you have a better understanding of the meaning of Extended Period of Indemnity Endorsement or Option.

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