Issue #3002
The Extended Period of Indemnity Endorsement

The Extended Period of Indemnity Endorsement: A Good Investment in Complete Recovery

One of the most helpful endorsements to a business income policy is the Extended Period of Indemnity Endorsement which extends the loss period beyond the time required to restore the property.

Often sales or production levels following the restoration period are not as high as would have been had no loss taken place so additional time may be needed to restore revenues to preloss levels. With the proper coverage the insured can collect for the shortfall that occurs during the extended period.

The Extended Period of Indemnity Endorsement also provides an otherwise uncollectible reimbursement of additional expenses, e.g. extraordinary advertising; that will help a business return to prosperity.