Sentences with phrase «time element coverages»
Time element coverages are usually written in conjunction with direct damage insurance.
https://www.thebalance.com/
Another category of commercial property insurance consists of time element coverages.
Under time element coverages, losses are tied to the length of time it takes to repair damaged property.
Not exact matches
Therefore, if your paint damage is due to natural causes, like being exposed to the outdoor elements over a period of time, or simple aging, your comprehensive coverage will not likely pay for the repair costs, because wear and tear is expected in the normal course of events.