Posted In: Insurance Recovery, Insurance Recovery & Insurance Recovery
Are You Afraid of the Dark? After a Power Outage, What Exclusions Might You Find Lurking In Your Policy?
on August 31, 2016
- Off-Premises Exclusions: Some forms are more restrictive and preclude coverage for income loss if the failure occurs “outside of a covered building” rather than loss of power on premises.
- Acts or Decisions Exclusions: This exclusion precludes coverage where a person’s or entity’s deliberate decision causes the outage and subsequent loss, such as a rolling blackout.
- Idle Periods Exclusions: This exclusion precludes coverage for losses sustained during a business interruption when business operations would have been suspended for other reasons absent the damage or physical loss covered by the policy.
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