What does Expediting Expense Coverage mean? Read on to discover the definition & meaning of the term Expediting Expense Coverage - to help you better understand the language used in insurance policies.
Expediting Expense Coverage
Coverage under a property or boiler and machinery (BM) policy for expenses of temporary repairs and costs incurred to speed up the permanent repair or replacement of covered property or equipment. On most extra expense forms, the recovery of expediting expenses is limited to the extent that the expenses serve to reduce the loss. However, coverage can be arranged to provide full reimbursement.
We hope the you have a better understanding of the meaning of Expediting Expense Coverage.