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expediting expense coverage

Coverage under a property or boiler and machinery (BM) policy for expenses of temporary repairs and costs incurred to speed up the permanent repair or replacement of covered property or equipment. On most extra expense forms, the recovery of expediting expenses is limited to the extent that the expenses serve to reduce the loss. However, coverage can be arranged to provide full reimbursement.

Links for IRMI Online Subscribers Only: CPI V.N, XI.D


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