Use and Occupancy Insurance – U&O

Filed Under » ,
Dictionary Says

Definition of 'Use and Occupancy Insurance – U&O'

A type of insurance that covers against the loss of use of machinery or property due to damage resulting from a named peril or hazard, such as a fire or natural disaster. Use and occupancy insurance provides certain coverage through endorsements to property/casualty insurance policies, if the equipment or property can no longer be used.

Also known as business interruption insurance or business income coverage.

Investopedia Says

Investopedia explains 'Use and Occupancy Insurance – U&O'

This type of insurance policy can also pay the insured on a valued basis, or a specified, fixed amount, for each day that the insured is not able to use or occupy the covered property because of an insured peril. The amount that is payable can be determined by reviewing past financial records of the business.

Articles Of Interest

  1.

    Don't Get Sued: 5 Tips To Protect Your Small Business

    Find out what you can do to limit risk and keep your business running smoothly.

  2. Financial Designations That Employers Require

    We break down the designations that are important to have if you want to work in the financial sector.

  3. The Hidden Costs Of Wedding Insurance

    Weddings don't always go smoothly. Here's how you can protect yourself from things backfiring.

  4. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.

  5. 4 Natural Disasters Affecting The American Economy

    2012 has already seen more than its fair share of significant natural disasters and the economy is suffering for it.

  6. 5 Most Costly Product Recalls

    The recalls of these products not only affected consumers, but the companies that manufactured the products as well.

  7. 5 Ways To Financially Prepare For A Natural Disaster

    Make sure you've got these tips covered before Mother Nature strikes.

  8. The Financial Factors Behind Population Decline

    Here's a look at American cities that have seen drastic population decline in the last few years and the financial reasons why people are moving out.

  9. Tips For The Prospective Landlord

    Investing in rental property can generate serious income, but there's more to it than collecting rent.

  10. 12 Car Insurance Cost-Cutters

    If car costs are dragging you down, find out how to free yourself from some of the extra weight.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=d13197e88b98a2f3335ec537b4e7fc31