Extra Expense Insurance
Definition of "Extra expense insurance"
Form that covers exposures associated with efforts to operate a business that is damaged by a peril such as fire. For example, a special electrical generator may have to be purchased in the event of a long-range loss of electricity if the business is to continue to operate.
Popular Insurance Terms
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Professional designation earned after the successful completion of six national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as ocean ...
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Coverage on an all risks basis for fur garments belonging to customers of a furrier. ...
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