Which of the following statements about the extra expense coverage form is (are)true?
I.It provides coverage for the increased cost that must be paid to continue operations during a period of restoration.
II.It provides coverage for lost business income if a key customer or key supplier experiences a loss.

Question

Quizplus · Accepted Answer

The extra expense coverage form provides coverage for the increased cost that must be paid to continue operations during a period of restoration. It does not provide coverage for lost business income if a key customer or key supplier experiences a loss, which is covered under the contingent business interruption coverage form.

Which of the Following Statements About the Extra Expense Coverage