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Is Insurance Recovery Possible for Losses Due to Corona Virus (COVID-19)

Can Insurance Really Save Retail and Hospitality from the Coronavirus Pandemic?

Excerpt: “Property policies and business interruption coverages may cover some of the costs the retail and hospitality sectors are facing due to coronavirus.”

1. Check your insurance policy for business interruption coverage;
2. Determine whether there was a “physical loss”;
3. Also, check your insurance policy for communicable disease coverage;
4. If you think you have a claim, document your losses.