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Expert Analysis

Adding Sublimits To Coverage Extensions May Not Be Enough

Law360, New York (January 14, 2016, 12:37 PM EST) -- All risk insurance policies typically provide coverage for loss of or damage to the insured property unless otherwise excluded. Coverage is provided for physical damage, as well as resulting business interruption losses. Such policies sometimes also include coverage for loss resulting from damage to property that wholly or partially prevents a supplier from providing goods to the insured. This coverage is referred to as Contingent Time Element coverage....

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