EXPEDITING EXPENSE Sample Clauses
The Expediting Expense clause defines the insurer's obligation to cover costs incurred to speed up the repair or replacement of damaged property following a covered loss. This may include expenses for overtime labor, express shipping of parts, or temporary measures that allow operations to resume more quickly than standard repair timelines would permit. The core function of this clause is to minimize business interruption and financial loss by enabling the insured to restore normal operations as rapidly as possible after an insured event.
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EXPEDITING EXPENSE. This insurance is extended to cover the reasonable additional costs incurred by the Insured to make temporary repairs and to expedite the permanent repair or replacement of “insured equipment” or other “insured property” that has been directly damaged by “breakdown”, including overtime and the extra cost of express or other rapid means of transportation. Expediting expense does not include any costs incurred by the Insured for the temporary rental of equipment or temporary replacement of damaged equipment.
EXPEDITING EXPENSE. With respect to your damaged covered property, we will pay the reasonable extra cost to:
(a) make temporary repairs; and
(b) expedite permanent repairs or permanent replacement.