A type of business interruption insurance that uses a monthly limit on loss
recovery in lieu of a coinsurance clause. The declarations show both a total
limit of insurance and the portion of that total limit (expressed as a fraction:
one-third, one-quarter, etc.) applicable to loss in each month following the direct damage
loss. The monthly limit of indemnity coverage option in the Insurance Services
Office, Inc. (ISO), business income coverage forms approximates the coverage
provided under an earnings insurance form.
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