Under the Business Income Coverage Form, when does the 'period of restoration' BEGIN, and when does it END?

Question

Accepted Answer

It begins (after any waiting period) on the date of direct physical loss and ends on the date the damaged property should be repaired, rebuilt, or replaced with reasonable speed and similar quality, or on the date business is resumed at a new permanent location, whichever is earlier

Answer

It begins on the date the policy is issued and ends when the insured cancels the policy, so the restoration period simply runs with the policy term whether or not any direct physical loss ever occurs

Answer

It begins on the date of loss and ends exactly 12 months later, no matter the actual repair time, so a business rebuilt in four months still collects a full twelve months of business income, while one that takes two years collects nothing after the first anniversary of the loss, and no endorsement may change that fixed twelve-month span

Answer

It begins when the insured submits a sworn proof of loss and ends 30 days later, so nothing accrues during the 60 days the form allows for filing that proof, and any interruption continuing past the thirtieth day after filing is uninsured no matter how long the repairs to the damaged property actually take, and the insurer owes nothing more once that thirtieth day has passed

Under the Business Income Coverage Form, when does the 'period of restoration' BEGIN, and when does it END?

Explanation

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