In the context of property insurance, what is the typical coverage for loss of earnings?

In property insurance, the typical coverage for loss of earnings is indeed limited to 12 months. This duration is designed to provide a reasonable time frame for policyholders to recover from a covered loss and rebuild or repair their properties, which, in turn, can impact their ability to generate income.

The 12-month limit reflects the acknowledgment that most businesses will need some time to stabilize operations following an unexpected event. This timeframe assists policyholders in managing their financial obligations while they work towards resuming normal business activities.

While other durations may exist in specialized policies or endorsements, the standard practice for loss of earnings in property insurance aligns with the 12-month period, making it the most common answer in this context. It's important for policyholders to review their specific policy to understand the limitations and conditions that apply to their coverage.