Additional Living Expense Insurance

Definition of "Additional living expense insurance"

Neolfi Hentze
Neolfi Hentze Heritage International Realty

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.

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