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Extra Expense Coverage Calculator
Extra expense pays for temporary arrangements during restoration.
Total extra expense
$380,000
RE-related
$245,000
Non-RE expense
$135,000
How the math works
Total = alt rental + temp services + expediting + moving.
$180k + $85k + $50k + $65k = $380k total extra expense coverage needed.
How to Use
- Enter alternate location rental.
- Enter temporary services.
- Enter expediting fees.
- Enter moving costs.
- Read total extra expense.
Frequently Asked Questions
What does it cover?
Alternate location leasing. Rent premiums for temporary space. Expediting fees (rush shipping, accelerated labor). Moving costs. Additional utilities/services. Anything that exceeds normal operating costs to continue business during restoration.
Typical amounts?
Small business: $100-500k coverage. Mid-size: $500k-2M. Large enterprise: $2-10M+. Set at 50-100% of business income coverage. Critical for: manufacturers, medical, education, data centers.
Claim process?
Document all extra expenses with receipts. Alternate location lease. Moving invoices. Express shipping receipts. Temporary labor. Carrier reimburses but may dispute 'necessary' vs 'convenient' costs — negotiate carefully.
How often should I rerun this?
Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.
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