Augusta
VIP Contributor
Additional living expenses insurance works for tenants as an add-on on the renter's insurance they must have bought. it is good to carry this out because there might be a replacing situation that needs urgent help which this policy offers.
How ALS works is that a natural disaster might renders a house uninhabitable, this will need the insured and the family to move out for months so that the apartment be put in order or repaired. Additional Living Expenses coverage will now cover for the costs of the new location.
This means that the insurer will cover the cost of the hotel stays and restaurant meals until the insured is able to return to the repaired home..
So Additional living expense insurance will cover for the increase in a monthly food bill of the insured as the insured and maybe family based on the food they had toeat out at restaurants
This also cover for a landlord loss of income that might have happened if the landlord had rented out part of their building to a tenant.
Basically, the ALE insurance is designed to cover the insured person for the extra expenses they may have which could be due to temporarily displaced from their home due to whatever reasons.
How ALS works is that a natural disaster might renders a house uninhabitable, this will need the insured and the family to move out for months so that the apartment be put in order or repaired. Additional Living Expenses coverage will now cover for the costs of the new location.
This means that the insurer will cover the cost of the hotel stays and restaurant meals until the insured is able to return to the repaired home..
So Additional living expense insurance will cover for the increase in a monthly food bill of the insured as the insured and maybe family based on the food they had toeat out at restaurants
This also cover for a landlord loss of income that might have happened if the landlord had rented out part of their building to a tenant.
Basically, the ALE insurance is designed to cover the insured person for the extra expenses they may have which could be due to temporarily displaced from their home due to whatever reasons.
