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Article: Is this business interruption claim covered?(Coverage Analysis)
- Article from:
- Claims
- Article date:
- November 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Insurance Week, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Several questions must be asked when evaluating coverage for a business interruption claim. Examining these issues will help identify, or eliminate, potential coverage issues in the early stage of the claim. Some of the questions may seem old or basic, but some of the answers in recent case decisions may surprise you.
Was the damage that occurred damage to insured property so as to trigger the business interruption coverage?
Traditionally, this was a rather straightforward question, except for the occasional issue involving coverages for newly acquired property or property located within 1,000 feet of insured premises. The advent in recent years of ...