First party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion and insurance covering loss of income suffered by business when damage to its premises by a covered cause of loss causes a slowdown or suspension of its operations during the time required to repair or replace the damage property.
EXAMPLE:<\/p>\n\n\n\n
\u2022 Suppose a company owns a factory that produces electronic devices. One day, a fire breaks out in the factory and damages the machinery, inventory and building. The company has to stop its production until the damage is repaired or replaced. This causes a loss of income for the company, as well as additional expenses to restore its operations. The company has a PDBI insurance policy that covers the cost of repairing or replacing the damaged property, such as machinery, inventory and building.<\/p>\n","protected":false},"excerpt":{"rendered":"
First party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion and insurance covering loss of income suffered by business when damage to its premises by a covered cause […]<\/p>\n","protected":false},"author":1,"featured_media":198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/posts\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":1,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/posts\/197\/revisions"}],"predecessor-version":[{"id":199,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/posts\/197\/revisions\/199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/media\/198"}],"wp:attachment":[{"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/media?parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/categories?post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capinasia.com\/blogs\/wp-json\/wp\/v2\/tags?post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}