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Home > Terms > English, UK (UE) > Loss of attraction
Loss of attraction
Loss of Attraction falls under the Business Income and Extra Expense coverage form although coverage is rarely included as it is hard to prove. For example, if a fire occurred at a hotel in Las Vegas, there may be other hotels in the surrounding area that will have lost income as a result of the reduction in tourism. For those hotels that have not suffered direct damage to the property, Business Income claims would fall under "Loss of Attraction. " Loss of Attraction coverage is not common and can be difficult to identify the loss resulting from a disaster and that which could have resulted from poor management or other uninsured factors. Physical damage to insured property is the primary trigger for business interruption claims; however, additional triggers of coverage outside of physical damage include acts of civil authority, ingress/egress, contingent business interruption and loss of attraction.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Tourism & hospitality
- Category: Hotels
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
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