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Business Interruption (BI) policy essentially covers the cost of providing training to the operators of the machinery replaced by the insurer following the insured events. Extra expenses. Reimbursement for reasonable expenses (beyond the fixed costs) that allow the business to continue operation while the property is being repaired.
In the example given above, payments for the other driver's vehicle would be paid out under property damage coverage, and payments for the injuries would be paid out under bodily injury coverage. Bodily injury liability coverage is also usually split into a maximum payment per person and a maximum payment per accident. The limits are often ...
Example of how minimum coverage limits are written. If you see 30/60/15 on your policy, you have the following: $30,000 in bodily injury liability per person. $60,000 in bodily injury liability ...
$300,000 bodily injury liability per accident. $50,000 property damage liability per accident. $100,000 uninsured motorist bodily injury per person. $300,000 uninsured motorist bodily injury per ...
The minimum coverage defined by German law for car liability insurance / third-party personal insurance is €7,500,000 for bodily injury (damage to people), €500,000 for property damage and €50,000 for financial/fortune loss which is in no direct or indirect coherence with bodily injury or property damage. [24]
Property damage liability. This coverage is designed to pay, fix or replace other people's property you damage in an accident, whether it's their car, motorcycle, boat, bicycle, fence, mailbox ...
It is the "first line" of coverage that a business typically purchases, [1] and covers many of the common risks that can happen to any type of business, such as bodily injury or property damage on the business premises or due to the business operations, personal and advertising injury, and medical payments. [2]
Minimum BI limits are 10/20 if you do purchase coverage. Drivers who have caused an accident involving bodily injury or death or received certain citations may be required to carry BI limits of 10/20.