Under Business Income Coverage, the period of restoration begins after how many hours after the date of direct damage?

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Prepare for the Florida Claims Adjuster (6-20) Test. Use flashcards and multiple choice questions, with hints and explanations for each question. Ace your exam!

Multiple Choice

Under Business Income Coverage, the period of restoration begins after how many hours after the date of direct damage?

Explanation:
The period of restoration in Business Income Coverage starts after a 72-hour waiting period from the date of direct physical damage. This means there’s a 3-day gap during which BI coverage does not apply; once that waiting period elapses, the period of restoration begins and continues until operations are restored or coverage ends. The waiting period is tied to the date of direct damage, not to when you report the loss or when you discover the damage.

The period of restoration in Business Income Coverage starts after a 72-hour waiting period from the date of direct physical damage. This means there’s a 3-day gap during which BI coverage does not apply; once that waiting period elapses, the period of restoration begins and continues until operations are restored or coverage ends. The waiting period is tied to the date of direct damage, not to when you report the loss or when you discover the damage.

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