Extra funds needed to continue a business uninterruptedly, after damage, applied to dwellings, It is called additional living expenses coverage, and is available through Extra Expenses Insurance, and additional living expenses Insurance.
Insurance Encyclopedia
Extra Expenses for Loss
The extra amount a business spends to continue at least art of its operations of damage to or taking of its assets would otherwise interrupt its operations.
Extra Expenses Insurance
The consequential property insurance that covers the extra expense incurred by the interruption of a business; the policy pays if the business does not close down but continues in alternative facilities, with higher than normal costs.
Extra medical provider
Provider who participates in TRICARE Extra’s preferred provider network.
Extra percentage tables (Health Insurance/Life Insurance)
A mortality or morbidity table that displays the amount of an extra premium charged for certain medical conditions.
Extra Perils
Closely allied with Fire Insurance, is the Insurance of certain so called special perils which by tradition are dealt with by the Fire department of Insurance companies. The principal special perils are explosion, riot, civil commotion, aircraft and articles dropped therefrom, storm, tempest, flood water damage, impact damage, spontaneous combustion, spontaneous fermentation, heating combustion.
Extra premium
An additional amount added to the basic premium which may be required because the risk covered is unusually hazardous.
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A charge added to a premium because the regular premium rate does not take into account certain hazards.
Extra premium removal
If the cause of the extra premium is eliminated in that the rated medical impairment no longer exists, or there has been a change from a hazardous occupation to a non-hazardous one, it is prudent to seek the reduction of the amount of the premium that is attributable to the risk Such a reduction is extra premium removal.
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Elimination of an extra premium because the hazard necessitating it no longer exists.
Extra-Contractual Obligations (ECO)
In reinsurance and insurance, monetary awards or settlements against an insurer for its alleged wrongful conduct to its insured, generally arising out of claims handling. Such payments required of an insurer to its insured are extra-contractual in that they are not covered in the underlying contract.
Extra-percentage tables method
System or plan for rating substandard insurance risks in which each substandard class is charged a premium rate that is a certain percentage above the standard premium rate.