What does the extended period of indemnity cover?

The extended period of indemnity covers business income for an extended time beyond the initial indemnity period, allowing a business to recover lost income during the rebuilding phase. Specifically, this can extend coverage for up to 730 days. This feature is particularly beneficial for businesses that might experience prolonged recovery times following a disaster. The allowance for such a duration acknowledges that after a loss, businesses may not immediately return to their pre-loss income levels, thus providing additional financial support during the critical recovery phase.

Options that mention short-term rentals, limited coverage for only 30 days, or property damage only do not capture the essence of this coverage, as they either limit the time frame or focus solely on physical losses rather than income protection during a business interruption.