What is the maximum amount available for expediting expenses under the Boiler and Machinery coverage form?

The maximum amount available for expediting expenses under the Boiler and Machinery coverage form is indeed $25,000. This coverage is designed to provide financial assistance for additional costs incurred to expedite repairs or replacements resulting from a covered loss.

In the event of a breakdown or failure of insured machinery, businesses may need to act quickly to minimize downtime and loss of revenue. The expediting expenses coverage allows them to cover costs that might include overtime labor, expedited shipping of equipment, and other similar remedial actions. The limit set at $25,000 provides a significant cushion to mitigate the financial impact of these urgent expenses, ensuring that businesses can resume operations as quickly as possible without incurring overwhelming costs. This provision reflects a common practice in commercial insurance to address the critical need for speed in restoring functionality following machinery failures.