Common use of EXTRA EXPENSE Clause in Contracts

EXTRA EXPENSE. This insurance is extended to cover the necessary “extra expense” incurred by the Insured in order to resume as nearly as practicable, their “normal” business operations that have been interrupted as a direct result of “breakdown”. Coverage will commence with the occurrence of the “breakdown” and is not limited by the expiry date of this policy. The Insured shall exercise due diligence and dispatch to rebuild, repair or replace the lost or damaged property. This extension does not cover:

EXTRA EXPENSE. This insurance is extended to cover the necessary “extra expense” incurred by the Insured in order to resume as nearly as practicablepra cticable, their “normal” business operations that have been interrupted as a direct result of “breakdown”. Coverage will commence with the occurrence of the “breakdown” and is not limited by the expiry date of this policy. The Insured shall exercise due diligence and dispatch to rebuild, repair or replace the lost or damaged property. This extension does not cover: