Extra Expense Insurance Law and Legal Definition
Extra-expense insurance is designed to protect businesses in the event of an unforeseen emergency requiring additional expense, allowing them to continue operations. The policy pays for extraordinary expense incurred to run a business after a loss caused by an insured peril. For example, in the event of a fire, the business may need equipment to continue operations until the main facility and related equipment are restored.
Legal Definition list
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
