What Is Additional Living Expense (ALE) Insurance?

[Augusta]

Additional living expense insurance otherwise known as ALE is a coverage that comes under a renter insurance, homeowners or condominium owner's insurance policy. This is a kind of coverage that has to do with either the landlord or tenants of a building or apartment.

A lot of time some people find themselves in a situation where they are immediately displaced from their place of abode. This is a normal occurrence that can happen at a point in time for whatever reasons. The insurance company know the effects on the people that go through this. So they have put in place a coverage that help cover this problem as it's arises in the future. This is where Additional living expense insurance comes in.

So Additional living expense insurance when carried out will cover the additional costs of living incurred by an insured in the case of being temporarily displaced from the place of residence. The policy coverage do results to about 10% to 20% of the insurance that covers the home

So ALE which is Additional Living Expense Insurance is to cover the additional costs incurred if a policyholder is displaced

Additional Living Expense insurance is included in most homeowners or renter's insurance policies.

Additional Living Expense insurance covers expenses like food and the cost of staying at a different house or hotel.