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Loss Of Income Coverage

Loss of Income Coverage

Definition

A type of business interruption coverage that does not include a coinsurance clause but limits recovery to loss incurred during a specified period (typically 120 days) after the direct damage loss. Approximated by the "maximum period of indemnity coverage option" of the Insurance Services Office, Inc. (ISO), business income coverage forms (CP 00 30 and CP 00 32).

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