If a building catches fire, the cost to repair or replace the building is relatively simple to calculate and you will know quickly whether or not the building has sufficient limit on the policy. The bigger question will be how long will it take to repair and how much money will the insured need from their Business Income policy to make up the difference while the building is being repaired. That's based on how long it'll take to repair, or in the words of the policy, the Period of Restoration. Join us as Christopher Boggs brings us up to date on the concept of the Period of Restoration and how we need to understand it for the good of our clients.

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