What Does Valued Business Interruption Coverage Mean?

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

Valued Business Interruption Coverage

Valued Business Interruption Coverage

Business interruption (BI) coverage that provides for the payment of a stipulated amount for each day of fully interrupted operations, rather than for payment of the amount of loss actually sustained. Also referred to as "per diem business interruption coverage." Valued business interruption coverage is much more common in boiler and machinery (BM) insurance than in commercial property insurance.

We hope the you have a better understanding of the meaning of Valued Business Interruption Coverage.

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