Business insurance coverage insurance policies might present personal flood protection. These aren’t widespread, however insurance policies ought to be totally learn, and flood protection is normally present in an endorsement or a Distinction in Circumstances coverage. One query is, “how a lot flood protection is on the market?” A current case discovered that the endorsement didn’t present a greenback restrict to the enterprise revenue and further expense declare.1
The courtroom famous that an endorsement supplied flood protection to a coverage that excluded flood as an insured peril:
The endorsement additionally supplied the next concerning a coverage restrict for flood:
The insurer’s place was:
The policyholder argued the restrict didn’t apply to the enterprise revenue portion:
The courtroom discovered for the policyholder with the next logic:
