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.
Therefore, for example, the coverage does not apply to insurance provided under Business Income and/or Extra Expense coverages or endorsements that apply to those coverages.
However, this limitation does not apply to Business Income Coverage or to Extra Expense Coverage.
A limit of $5 million per occurrence is provided on Flood, Earthquake, Business Interruption and Extra Expense.
We will also pay Extra Expense to repair or replace property, but only to the extent it reduces the amount of loss that otherwise would have been payable under this Coverage Form.
More Definitions of Extra Expense
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 Policy 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 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”.
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 expenses necessarily incurred by a policyholder “during the period of restoration to continue normal services and operations.”
Extra Expense means expenses “to avoid or minimize the