Extra Expense Coverage,
What is The Meaning of Extra Expense Coverage?
You can define Extra Expense Coverage as, Commercial property insurance that allows the organization to continue its operations. In addition to the normal operating expenses, it also pays additional expenses, while after the repair or replacement of the property, its cause and effect are met. Depending on the needs of the organization, additional costs may be covered in addition to coverage of business income. There are two forms of Office Insurance Services, Inc. (ISO) for commercial real estate that provide additional cost recovery: Income Protection and Additional Business Expenses Form (CP00 30) and Additional Cost Avoidance Form. (CP0050).
Coverage for reimbursement of expenses incurred for continuation of operations after prompt payment of damages which are higher than normal operating expenses
A simple definition of Extra Expense Coverage is: Temporary property insurance that covers expenses beyond the normal operating expenses of the organization to continue operating while the property is repaired or replaced after loss or damage due to insurance reasons. Depending on the needs of the organization, additional expenses may be covered in addition to coverage of business income.
Literal Meanings of Extra Expense Coverage
Meanings of Extra:
Added to an existing or normal number or an additional number.
Excessive or extravagant
Especially on a larger scale than usual.
Usually added or very important element.
Sentences of Extra
They offered you an extra thirty-five cents an hour
Trying to be great
It costs about 60% to install
Education is with all my teachings
Synonyms of Extra
ancillary, supplement, further, add-on, additional, complement, distinctly, particularly, as well, accompaniment, into the bargain, also, extremely, supplemental, added, retrofit, exceptionally, addition, supplementary, companion, attachment, accessory, addendum, subsidiary
Meanings of Expense:
It costs some money to do something.
Compensation in respect of tax base (items of expenses).
Sentences of Expense
We order apparel for a high price
Synonyms of Expense