Extra Expense definition

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

• We will also pay for your loss and expense as defined under Business Income coverage and Extra Expense coverage that is the result of l.(1) above, if such coverage is otherwise applicable under this policy.

• Off Premises Equipment Breakdown(1) We will pay for physical damage to transportable “covered equipment” that, at the time of the Covered Cause of Loss, is not at a location indicated in the Declarations.(2) We will also pay for your loss and expense as defined under Business Income coverage and Extra Expense coverage that is the result of n.(1) above, if such coverage is otherwise applicable under this policy.

• We will also pay for your loss and expense as defined under Business Income coverage and Extra Expense coverage that is the result of j.(1) and (2) above, if such coverage is otherwise applicable under this policy.

• In determining the least expensive option, we will include any associated Business Income or Extra Expense loss.

• EXAMPLEA Covered Cause of Loss results in covered losses as follows:$100,000 Total Loss (all applicable coverages)$ 35,000 Business Income Loss (including$2,000 of business income loss payable under Data Restoration coverage)$ 5,000 Extra Expense LossIn this case, the Indirect coverages loss totals $40,000 before application of the Indirect Coverage Deductible.

More Definitions 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:

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 Form for loss of income nor for Extra Expense in excess of that necessary to continue as nearly as practicable the Xxxxx" conduct of the Insured's business, nor for 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; liability for such excess cost, however, shall not exceed the amount by which the total Extra Expense otherwise payable under this Form is reduced. The Insurer shall also be liable for Extra Expense incurred in obtaining property for temporary use during the Period of Restoration necessarily required for the conduct of the Insured's business; any salvage value of such property remaining after resumption of Normal operations shall be taken into consideration in the adjustment of any loss hereunder.

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 suspension