Per Diem Business Interruption Policy

Definition of "Per diem business interruption policy"

John A Keller real estate agent

Written by

John A Kellerelite badge icon

Sand Dollar Realty Center Inc.

Type of business interruption insurance policy that provides a specific daily dollar amount benefit to the business owner for each day the business is unable to resume normal business operations because of property damage or destruction resulting from an insured peril.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Injury that continues after a wound from physical or psychic entry. (The latter is a wound that makes a lasting impression on the mind, especially upon the subconscious mind; for example, a ...

Obligatory reinsurance contract in which a reinsurer agrees to pay for all or a large portion of losses up to a limit, when these losses exceed the retention level of the cedent. The ...

Coverage in which one premium payment is made and the policy is fully paid up with no further premiums required. ...

Form of state rating law that requires prior approval of property and casualty insurance premiums by the state insurance department for certain changes. Here, a state generally allows new ...

Actuarial evaluation of the assets of a pension plan according to the fair market value of the assets. ...

Section describing coverages under a policy. Elsewhere in the policy other sections may restrict or exclude coverages. ...

One of two bureaus that writes forms and files standard rates for inland marine insurance. The other is the inland marine insurance bureau. ...

Point in time when a term life insurance policy terminates its coverage. ...

Trust in which the trustee distributes capital and income to the beneficiaries of the trust according to their economic needs. ...

Popular Insurance Questions