Reopening is not the same as recovering. Customers who went elsewhere during the closure may take months to come back. The business income form includes Extended Business Income, which runs from the date the property is repaired and operations resume until income could return to normal with reasonable speed, but no longer than 60 consecutive days.

For a business that rebuilds its customer base slowly, the Extended Period of Indemnity option replaces the 60 days with the number of days shown in the declarations. Do not confuse it with the maximum period of indemnity and monthly limit of indemnity options, which replace coinsurance rather than lengthen the recovery period.

Terrorism: under the federal Terrorism Risk Insurance Program, insurers must make coverage for insured terrorism losses available in their property and casualty policies, on terms that do not differ materially from those for other losses (31 CFR §50.20). The law requires the offer, not the purchase, so an insured may decline it.

The program reimburses insurers for part of their terrorism losses; it does not pay policyholders directly. It is set to expire at the end of 2027 unless Congress extends it.