Expediting expense coverage

{
  "id": "MLC-T-INS-001399",
  "term": "Expediting expense coverage",
  "field": "Insurance and risk management",
  "definition": "An optional or included provision in property insurance policies that covers the reasonable and necessary costs incurred to speed up the repair or replacement of damaged property after a covered loss. This coverage aims to minimize business interruption and additional losses by allowing the insured to pay extra for faster service. It typically has a specific sub-limit within the policy.",
  "url": "https://mlchart.com/terminology/insurance/expediting-expense-coverage/"
}