When does the period of restoration under the Business Income and Extra Expense coverage begin?

The period of restoration under the Business Income and Extra Expense coverage begins at the time of the breakdown or 24 hours before notification, whichever is later. This means that the coverage is designed to consider the time immediately surrounding the event that disrupted business operations.

By starting the period of restoration based on the breakdown occurrence, it ensures that the insured business can account for losses incurred during the actual interruption, rather than just from the moment they notify their insurance company. The additional provision of counting back 24 hours prior to notification recognizes that there may be an important window of time where expenses started to accumulate, even before the insurer was informed of the situation. This approach provides a more comprehensive measure of the business's losses and helps facilitate a fair assessment of coverage during the interruption.

Other options would not accurately reflect the initiation of the period of restoration in alignment with the coverage's intent. For instance, a specific delay of 72 hours or a length of time for repairs does not take into account the actual impact on business operations immediately after the breakdown.