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All You Ever Wanted to Know About Insurance

Property Insurance: Loss of Income Explained

So your business or organization has commercial property insurance! Congratulations, you know you have coverage protection. In relation to Loss of Income, what does your policy do for you?

Loss of Income Insurance Claim Scenario:
Bad weather certainly took its toll on a fire station, located in Toms River, NJ! Due to severe wind damage to the volunteer fire company’s roof, the organization could not operate there bi-weekly bingo games. This resulted in a serious lack of funding for their activities. The coverage that the fire station had in place came to the rescue, paying for the loss of income that was incurred until the roof could be properly repaired and the games could restart.

The Loss of Income Coverage comes in to play when:

  • Your operations are interrupted due to a covered loss to your building or buildings and/or contents within
  • Loss of income time is increased because of a law or ordinance practice
  • It takes a period of up to 24 months to restore income

Educate yourself about insurance. There’s no better way to understand what you need!


PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, ASI, ASSURANT, CHUBB, CNA, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. With over 10,000 satisfied customers, we benefit policyholders by reviewing current coverage, as well as by shopping our wide network to locate customized policies at competitively lowest quotes.

PRIME Insurance provides all forms of nationwide coverage, including NJ travelers insurance, cheap auto insurance, low quote commercial umbrella insurance TX,  flood insurance NY, PA renters insurance, NJ homeowners insurance, NJ bonds, MD workers comp, NJ life insurance and more. We invite you to experience the PRIME difference! Visit us on our online insurance website; email us at PRIME [at] primeins [dot] com or call us at 732-886-5751.

Summary: Sure, you’ve got property insurance, but do you know what it’s all about. This informative piece gives you concise and clear details about the importance of loss of income coverage.


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