Extra Expense definition

Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

Extra Expense means the net additional cost you incur to operate your business during the period of restoration over and above the cost that you normally would have incurred to operate the business during the same period had no breakdown occurred.

Extra Expense means expense or cost incurred (a) to continue the conduct of the Assured’s business,

Examples of Extra Expense in a sentence

• This insurance shall also include coverage for Business Interruption and Extra Expense that extends to the loss of Computer Property.

• Business Interruption and Extra Expense The Insurer will pay for loss of business income and reimburse the Insured Company for extra expense during the period of restoration that the Insured Company incurs resulting from cyber security breach directly causing a total or partial interruption or deterioration in the Insured Company’s business operations.

• Soft costs, Extra Expense and Building and Ordinance limits shall be sufficient to bear all reasonable costs properly attributable thereto.

• Extra Expense The term Extra Expense wherever used in this PART is defined as the excess (if any) of the total cost during the period of restoration for the purpose of continuing the Insured's business over and above the total cost that would normally have been incurred to conduct the business during the same period had no loss occurred; the cost in each case to include the expense of using other property or facilities of other concerns or other similar necessary emergency expenses.

• Unless more specifically indicated in the Member District’s Equipment Breakdown Declarations, the Indirect Coverages Deductibles apply to Business Income, Rental Income, Extra Expense, Service Interruption, and the extensions of those coverages included in other coverages.

More Definitions of Extra Expense

Extra Expense means expenses “to avoid or minimize the suspension of business and to continue ‘operations,’” and also includes expenses “to repair or replace property.”

Extra Expense means expense incurred:

Extra Expense means necessary expenses you incur during the “period of restoration” that you would not have incurred if there had been no direct physical loss or damage to property.

Extra Expense means reasonable and necessary expenses that are incurred by the insured during the “period of restoration” to minimize, reduce or avoid an “income loss”, provided that such expenses:

Extra Expense means the excess (if any) of the total cost during the “period of restoration” for the purpose of continuing the Insured’s business over and above the total cost that would normally have been incurred to conduct the business during the same period had no loss occurred. The cost in each case to include expense of using other property or facilities of other concerns or other similar necessary emergency expenses. In no event, however, shall the Insurer be liable under this Form for loss of income nor for “extra expense” in excess of that necessary to continue as nearly as practicable the “normal” conduct of the Insured’s business, nor for the cost of repairing or replacing any of the described property that has been damaged or destroyed by the perils insured against, except cost in excess of the “normal” cost of such repairs or replacements necessarily incurred for the purpose of reducing the total amount of “extra expense”; liability for such excess cost however, shall not exceed the amount by which the total “extra expense” otherwise payable under this Form is reduced. The Insurer shall also be liable for “extra expense” incurred in obtaining property for temporary use during the “period of restoration” necessarily required for the conduct of the Insured’s business; Any salvage value of such property remaining after resumption of “normal” operations shall be taken into consideration in the adjustment of any loss hereunder.

Extra Expense means expenses necessarily incurred by a policyholder “during the period of restoration to continue normal services and operations.”

Extra Expense means the excess of the total cost during the period of restoration of the damaged property chargeable to the operation of the CJPRMA’s business over and above the total cost that would normally have been incurred to conduct the business during the same period had no loss or damage occurred.