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."

Big ‘I” members and VU subscribers must be logged in to view all the content on this page.