I am confused about the following question: What is the difference between the two Business Income Coverage forms?
a. Business Income (without extra expense) covers extra expenses only to the extent they reduce the loss.
b. Business Income (and extra expense) pays extra expenses incurred in a reduction to business income loss.
c. None of the answers are correct
d. Both of the answers are correct
I marked a and got it wrong. I figure they want d, but I think b is not correct. Please explain correct answer and why.
Thank you.
Jay,
Picking up on Sabrina's question...
could you tell me if there is a standard amount or percentage of reduction of loss that will trigger the refund of the expense on the Business form without extra expense.
Thanks