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Business-Income: FacultyMortgage The Big "I" Virtual University is the leading technical insurance and agency management information source in the industry-developed for agents, by agents.  Through its extensive research library it provides information on all types of coverages, sample ISO forms, special features, checklists, white papers and more.

Are Mortgage Payments Business Income "Continuing Expenses"?

Here's a recent "Ask an Expert" question:  "We have a client that carries business income coverage. The question came up if mortgage payments were part of the continuing expenses of an idle business. I seem to recall that I learned somewhere that only the interest part of the monthly payment was a covered expense, not the principal part. I would appreciate any help that you could provide."