Extra expense coverage pays for costs your business incurs above and beyond normal operating expenses, specifically to keep things running while your property is being repaired. Think temporary relocation, equipment rental, expedited shipping, or paying overtime to make up for lost production time. Business interruption coverage replaces the income you lost. Extra expense coverage funds the additional spending required to minimize that loss. They work together, and both need to be documented carefully. We handle both.
What is extra expense coverage, and how is it different from business interruption?
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The insurance company says they need more documentation before they can release payment. What does that mean?
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