What Does Extra Expense Coverage Mean?

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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

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.

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