Which additional coverage would indemnify Jill for her loss of income due to her store being closed after a hurricane?

Prepare for the New York Independent General Adjuster Exam. Practice with flashcards and multiple choice questions, each question offers hints and explanations. Excel on your exam!

Business Interruption Insurance is designed specifically to protect businesses from income loss due to unavoidable events that disrupt their operations, such as natural disasters like hurricanes. This type of coverage compensates the business for the loss of income that occurs while the business is unable to operate, helping to cover expenses like rent and payroll during the downtime.

In the context of Jill's situation, since her store is closed due to a hurricane, Business Interruption Insurance would provide the necessary financial support to mitigate her lost income until her store could reopen.

Law and Ordinance Coverage typically relates to the expense of bringing a building up to code after a loss but does not cover lost income. Business Owners Liability Insurance protects against claims for bodily injury or property damage but does not provide income loss coverage. Extra Expenses Coverage may cover additional costs incurred to continue operations or replace lost income, but it is often intended for specific scenarios rather than the general loss of income due to business interruption.

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