Extra Expense Coverage
Insurance that covers the additional costs a business incurs to continue operations after a covered loss
Detailed Explanation
This coverage helps businesses maintain operations during the recovery period, covering expenses beyond normal operating costs that are necessary to keep the business running.
Practical Example
After a fire damages a printing company's facility, they rent temporary space and equipment to continue serving customers while repairs are made. Extra expense coverage pays for the additional costs of the temporary location and equipment rentals.
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