A laundry suffers a severe loss from fire but continues business in another facility that it rents from a competitor. There is no actual stoppage of business, but there are considerable extra costs involved. The laundry would be indemnified for its loss under
A) a business income form,
B) an expenses-to-reduce-loss provision,
C) an extra-expense form,
D) both business income and extra-expense insurance.
Correct Answer:
Verified
Q28: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q30: The basic characteristics of a consequential loss
Q31: If a consequential loss involves lost profits
Q32: An insured can avoid a coinsurance penalty
Q34: Consequential losses involve
A) costs that continue after
Q35: Blanket insurance coverage requires
A) an 80 percent
Q36: Accounts receivable insurance provides coverage for receivables
Q37: The advisability of rain insurance depends on
Q38: The business owner's program has a mandatory
A)
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