google bot detected Additional Living Expense Insurance | Insurance Glossary |

Additional Living Expense Insurance

Definition of "Additional living expense insurance"

Coverage under a Homeowners, Condominium, and Renters policy, that reimburses costs of residing in a temporary location until the insured's home can be made whole again. It usually provides living expenses of from 10-20% of the structural coverage on the home.

Related Real Estate Glossary terms

Related Real Estate FAQ