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Before a claim can be allowed, a material damage claim must be admitted. There may be circumstances when the interruption results from damage on another insurance Policy - e.g. a supplier's etc. In this case, it is imperative that the wording is sufficient to react to 'any' material damage caused by an insured peril.

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12y ago
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14y ago

Its a material damage warranty that ensures the loss is not aggravated by lack of capital on the part of the insured.

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Q: WHAT IS Material damage proviso in business interruption insurance?
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