What does Additional Living Expense mean? Read on to discover the definition & meaning of the term Additional Living Expense - to help you better understand the language used in insurance policies.
Additional Living Expense
Additional living expense coverage is extra coverage found in some homeowners' and renters' insurance policies. It pays for the extra costs that an insured has to deal with if they temporarily need to move out of their home. For example, if a fire burns down an insured's house, they would need to stay in a hotel and eat meals at restaurants until their house is rebuilt.
We hope the you have a better understanding of the meaning of Additional Living Expense.