I’ve seen this before, and if I’m right, the additional coverage provided is an all-risk cover…you can use it for whatever additional expenses you have that were not covered by the policy.
This type of cover is not new and first used in Alsace in 1860 and then England termed a “pay as paid policy” Refer to the classic (UK ) text book on Loss of Profits by ,originally, Honour and Davison
John Sloan
New Zealand
Wouldnt it be nice if there was more info here? Like what expenses would/could be covered.
I agree.
For example would additional expenses for debris removal be included over and above the limitation in most property policies?
I’ve seen this before, and if I’m right, the additional coverage provided is an all-risk cover…you can use it for whatever additional expenses you have that were not covered by the policy.
Show us the beef.
This type of cover is not new and first used in Alsace in 1860 and then England termed a “pay as paid policy” Refer to the classic (UK ) text book on Loss of Profits by ,originally, Honour and Davison
John Sloan
New Zealand