EXTRA EXPENSE (EE) COVERAGE
When film production equipment is damaged or stolen what do you do? Ultimately your film production equipment insurance policy should provide the necessary coverage to replace your equipment; however it can take weeks, sometimes months to get insurance claims paid out. So what do you do in the meantime?
If you intend to continue your business, you must resume all or part of your operations as quickly as possible, and that work requires equipment. ‘Extra Expense’ coverage provides reimbursement for any costs that exceed normal operating expenses that would have been incurred had there not been a loss. Extra Expense will pay the costs for you to rent replacement equipment along with any temporary relocation, space rental and additional crew salaries. Extra Expense coverage is not automatically included on a HD production equipment insurance policy. Make sure your film equipment rental insurance policy includes EE.
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Extra Expense (EE)