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CENTURY 21 Showcase, REALTORS®
Peter Antonian, CENTURY 21 Showcase, REALTORS®Phone: (831) 200-6408
Email: [email protected]

Understanding your insurance: Additional living expenses

by Peter Antonian 11/21/2022

Every homeowners insurance policy includes a percentage of coverage for additional living expenses. If you’re temporarily displaced from your home because of damage, this coverage can help you pay for the additional everyday expenses until you’re able to move back in. But what exactly does additional living expense (ALE) coverage include?

Here is a basic guide to the kinds of out-of-pocket expenses your ALE insurance can help you with:

Lodging

If your home is severely damaged, your insurance company may deem it unsuitable for living in while repairs are being made. In this case, your additional living expense coverage can help defray the costs of a temporary living arrangement. Lodging expenses covered include hotel and motel stays and short-term rentals.

Food

If you’re not living at home, you’ll likely need to rely on restaurants for a while. Unfortunately, this cost can add up quickly. Your additional living expense insurance can cover a reasonable amount of food costs exceeding your normal grocery bills.

Other expenses

Your insurance may help you with other expenses in addition to food and lodging. Some examples of common additional living expenses include:

  • Fuel and transportation costs for an increased commute.
  • Pet boarding if your temporary lodging doesn’t allow them.
  • Furniture rental if your temporary lodging is unfurnished.
  • Laundry services.
  • Storage fees for your personal belongings.

What isn’t covered?

While the list of expenses included in your ALE coverage is fairly expansive, it won’t cover everything. It’s important to remember that this portion of your insurance policy will not pay for damage to your home or belongings. However, these costs are covered by the dwelling portion of your homeowners insurance.

If you’re not certain, you can always check with your insurance company for more details about your additional living expenses coverage.

About the Author
Author

Peter Antonian

As a resident of the Monterey Peninsula since 1991 and former soldier of both Fort Ord and the Presidio of Monterey, Peter is familiar with all our local communities. Outside of real estate he enjoys time with family and friends, volunteering at the American Legion Post 41, and playing golf.

Peter joined CENTURY 21 Showcase, REALTORS® after a tenured career in Corporate America leading and training teams. A recent college graduate with a business degree, along with a great sense of humor, he is looking forward to putting his knowledge to work for you.

Call Peter so he can help you achieve your homeownership dreams!