Page 9 - MPRC Collateral (8.5 × 11 in) October 12 2022_Neat
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Loss of Income, including Fair Rental Value and Business Interruption - Compensates you for your lost income
LOI
while your business operations have been interrupted due to an insured loss.
A public claims adjuster is a professional, licensed by the department of insurance. They serve as an
PA advocate for the policyholder against their own insurance company throughout a property damage claim
process.
PROOF OF LOSS – A formal statement made by the insured to the insurance company regarding a loss. The
POL
purpose of the proof of loss is to place before the company sufficient information concerning the loss to
enable it to determine its liability under the policy.
RCV REPLACEMENT COST – The cost of replacing property without deduction for depreciation.
