![]() ![]() There is no strict legal definition for the term “not fit to live in” that’s generally accepted as fair or reasonable. What makes your home unfit to live in? The insurance adjuster appointed by your insurance company may have a different opinion from you or a public adjuster. The phrase is not defined in the policy, which leaves it open to interpretation. necessary increase in living expenses incurred.The most important phrases in the above clause are: Payment will be for the shortest time required to repair or replace the damage or, if you permanently relocate, the shortest time required for your household to settle elsewhere.” “ If a loss covered under Section I makes that part of the “residence premises” where you reside not fit to live in, we cover any necessary increase in living expenses incurred by you so that your household can maintain its normal standard of living. What Is Additional Living Expense (ALE) Coverage?Īdditional living expense coverage is included in most standard homeowners, condo, or renters insurance policies.Īn HO-3 homeowners insurance policy will typically include the following (or similar wording) under “Loss Of Use” in Section I – Property Coverages: Read on to learn more about what additional living expense insurance covers and how it works. It prevents you from being on the street or having to rely on friends or family for a roof over your head. While it’s being repaired or rebuilt, your insurer will reimburse you for additional living expenses to maintain your standard of living. It comes in handy if your home is uninhabitable due to a covered event such as smoke and fire damage. If you have standard homeowners, condo, or renters insurance, you typically have additional living expense (ALE) coverage in your policy. What Does Additional Living Expense (ALE) Insurance Cover?
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