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Understanding Extra Expense
November 30, 2009
© Copyright 2009. American Bar Association. Tort, Trial and Insurance Journal, Vol. 45, Issue 1, pp. 1-30. Posted with permission.
When fire or another casualty damages a commercial building, businesses may suffer financial hardship beyond lost income and costs to repair the property. In most situations, a prudent business owner is likely to incur expenses that fall outside the scope of those normally seen in the business's day-to-day operation. The nature of those expenses is as varied as the circumstances of each loss.
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