Contributing Property
Definition of "Contributing property"
Business income coverage form that covers an insured business in the event that a manufacturer's operations are interrupted or suspended, thereby resulting in a monetary loss because a supplier of the insured has had his facility damaged or destroyed by an insured peril.
Popular Insurance Terms
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Policy under which the insurer will pay the actual cash value of the property at the time the property was damaged or destroyed provided the loss falls within the limitations of the policy. ...
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