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. Reasonable and necessary expenses in excess of the Insured’s normal operating expenses that the Insured incurs to reduce or avoid loss of business income.
EXTRA EXPENSE. The Corporation shall maintain extra expense insurance covering additional expenses for continuing operations or to resume normal business incurred by the Corporation which result directly from damage to or destruction of any real or personal property constituting part of the Facilities from the risks covered by the insurance required above under subsection 1, Property Insurance, with limits equal to at least Maximum Aggregate Annual Debt Service.
EXTRA EXPENSE. The insurance under this policy is extended to include the necessary extra expense incurred by the Insured in order to continue as nearly as practicable the normal conduct of the Insured's business following direct physical loss or direct physical damage from an insured peril to the Building(s) or Contents, commencing with the date of the loss and not limited by the date of expiration of this policy, as shall be required with the exercise of due diligence and dispatch to repair, rebuild or replace such part of the described Building(s) or Contents as may be destroyed or damaged. This extension is limited to a maximum recovery as shown on the Declaration Pages in any one occurrence.
EXTRA EXPENSE. Option 2., is limited to a maximum recovery as shown on the Declaration Pages in any one occurrence. Unless a limit is shown on the Declaration Pages no coverage is provided.
EXTRA EXPENSE. We will pay for the Extra Expense you incur due to the necessary suspension of your business operations during the Period of Restoration, due to direct physical loss or damage to property caused by or resulting from a Covered Cause of Loss at an Insured Premises. If you are a tenant, this coverage applies to that portion of Real Property which you rent, lease or occupy, and extends to common service areas and access routes to your area.
EXTRA EXPENSE. We pay up to $1,000, or the additional amount shown on the Declarations, for additional expense which you must incur to continue your business as usual had no loss or damage from a covered cause of loss occurred. You must do everything reasonable to reduce the amount of loss. You must do everything reasonable to resume operations with the same quality of service which existed immediately before the loss; and you must resume partial or complete operation of the property making use of merchandise, stock or other property at your other locations. The deductible does not apply to Extra Expense.
EXTRA EXPENSE. We cover the necessary extra expenses that you incur to resume or continue your operations as nearly as practicable. We cover only the extra expenses that are necessary during the restoration period. We cover extra expenses you incur to repair, replace, or restore any property, but only to the extent that they reduce the loss otherwise payable under this Coverage Part. We also cover extra expenses incurred by you to research, replace, or restore information on damaged valuable papers and records, but only to the extent that they reduce the loss otherwise payable under this Coverage Part.
