Home Selling Team
Sue Esposito, Home Selling TeamPhone: (860) 428-3201
Email: [email protected]

Additional living expenses coverage

by Sue Esposito 05/03/2023

Every homeowners insurance policy includes additional living expenses coverage. 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 help you learn more about ALE insurance:

What does ALE coverage include?

Additional living expenses covered by your home insurance generally include:

  • Restaurant and food costs exceeding normal grocery bills.
  • Temporary lodging including hotels, motels and rentals.
  • 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?

Unfortunately, your ALE insurance 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 policy.

How much ALE coverage do I need?

Your insurance company may offer options for different amounts of coverage for additional living expenses. By default, this benefit is about 10% to 20% of the amount covered by your dwelling coverage.

For example, if your home is damaged and your dwelling coverage is $400,000, your ALE policy would provide around $40,000 to $80,000 of coverage for your additional living expenses.

For any questions about coverage amounts and details of your additional living expense coverage, check with your insurance company for more information. The more you know about your coverage, the better prepared you’ll be if you ever need to make a claim.

About the Author
Author

Sue Esposito

There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.

  • Full Time Real Estate Professional with an excellent work ethic
  • 32 years of real estate experience working with a diverse client base of both buyers and sellers
  • Certified Real Estate Negotiation Expert
  • Passionate about the Real Estate profession and advancing education and skills
  • Proficient with technological advances in marketing strategies
  • Employs a Full Time Licensed Real Estate Listing and Transaction Manager
  • My Designations include Broker, ABR, CNE, CRS, GRI, MRP, SFR, and SRS. 
  • Licensed in CT