Extra Expense

We will pay necessary Extra Expense you incur during the "period of restoration" that you would not have incurred if there had been no direct physical loss or damage to property at the described premises. The loss or damage must be caused by or result from a  covered Cause of Loss. With respect to loss of or damage to personal property in the open or personal property in a vehicle, the  described premises include the area within 100 feet of the site at which the described premises are located.

With respect to the requirements set forth in the preceding paragraph, if you occupy only part of the site at which the described  premises are located, your premises means:

  1. The portion of the building which you rent, lease or occupy; and
  2. Any area within the building or on the site at which the described premises are located, if that area services, or is used to gain access to, the described premises.
Extra Expense means expense incurred:
  1. To avoid or minimize the suspension of business and to continue "operations":
    1. At the described premises; or
    2. At replacement premises or at temporary locations, including relocation expenses, and costs to equip and operate the  replacement or temporary locations.
  2. To minimize the suspension of business if you cannot continue "operations".
  3. To:
    1. Repair or replace any property; or
    2. Research, replace or restore the lost information on damaged "valuable papers and records"; to the extent it reduces the amount of loss that otherwise would have been payable under this Additional Coverage

      3.  
We will only pay for Extra Expense that occurs within 12 consecutive months after the date of direct physical loss or damage. This Additional Coverage is not subject to the Limits of Insurance.