EXPEDITING EXPENSES – IAR, MB, CEAR OR EXPEDITING EXPENSES CLAUSE

EXPEDITING EXPENSES – IAR, MB, CEAR Risks : IAR, CEAR, MB In the event of loss or damage to the property insured or any part hereof the cost of any repair replacement or rectification admitted under this policy shall include the additional costs not exceeding 100% of the repair costs overtime weekend and shift working bonus payments plants hire charges express delivery (including airfreight) and the like necessarily and reasonably incurred in expediting such repair replacement or rectification but excluding any such costs solely to expedite the completion of any construction erection or installation of property not lost or damaged. OR EXPEDITING EXPENSES CLAUSE Subject to the Limit(s) of Liability stated in the Schedule, this Insurance extends to cover additional expenses necessarily incurred by or on behalf of the Insured in connection with or incidental to expediting the commencement, carrying out or completion of the repair reinstatement or replacement of the Property Insured consequent upon loss, destruction or damage insured against hereunder.