Under an Earthquake and Volcanic Eruption Endorsement on a commercial property policy, multiple earthquakes are consolidated into one single event if they occur within a span of?

The correct answer is based on the specific terms and conditions set out in many commercial property insurance policies concerning the Earthquake and Volcanic Eruption Endorsement. These policies often stipulate that if multiple earthquakes occur within a specific time frame, they can be considered one single event for the purpose of coverage and deductible application.

In this context, the time span of 7 days is critical because it aligns with industry standards. This means that if several earthquakes occur within 7 consecutive days, insurers will treat the damages from all those earthquakes as resulting from a single event. This consolidation typically helps to simplify claims processes for the insured and may influence the deductible amount that applies to the claim.

A broader time frame, such as 10, 15, or 30 days, would generally exceed the typical aggregation period noted in such endorsements in the insurance industry, thereby affecting the treatment of the claims related to those events differently than what the policy intended. Understanding this specific timeframe is crucial for policyholders to be aware of how their coverage can respond in the case of natural disasters like earthquakes, ensuring they are better prepared in the event of such occurrences.