What does Extra Expense Coverage mean? Read on to discover the definition & meaning of the term Extra Expense Coverage - to help you better understand the language used in insurance policies.
Extra Expense Coverage
This protects the policyholder against the extra expense that may be involved in carrying on his/her business after the occurrence of a loss. For example, if a newspaper plant was damaged by fire, the publishing company might have to get their paper published by a rival plant until their own could be restored. Thus, they could carry on their business, but at extra expense to themselves.
We hope the you have a better understanding of the meaning of Extra Expense Coverage.