{"id":71,"date":"2024-10-28T04:00:00","date_gmt":"2024-10-28T10:00:00","guid":{"rendered":"https:\/\/www.alleninsurancenc.com\/blog\/?p=71"},"modified":"2024-10-23T13:49:41","modified_gmt":"2024-10-23T19:49:41","slug":"what-is-additional-living-expense-coverage-on-my-homeowner-policy","status":"publish","type":"post","link":"https:\/\/www.alleninsurancenc.com\/blog\/what-is-additional-living-expense-coverage-on-my-homeowner-policy\/","title":{"rendered":"What is additional living expense coverage on my homeowner policy?"},"content":{"rendered":"

When it comes to a home insurance policy, many consumers seek the benefit of having their homes repaired or rebuilt in case of a covered peril. They are also concerned with repairing their fences, sheds, walls, barns, and other structures on their land.<\/p>\n

Moreover, homeowners are often overwhelmed by the thought of losing their personal property in a fire, storm, or other covered peril. You all have items that have great sentimental value, not to mention your furniture, TVs, appliances, clothes, and other personal items you may have. However, at Allen Insurance Agency in Ramseur, NC, we find that one of the most underrated coverages available on a home insurance policy is the additional living expense coverage.<\/p>\n

What is Additional Living Expense Coverage?<\/h2>\n

Additional living expense coverage (ALE) on your home insurance policy is a benefit that reimburses you for extra money spent to find lodging while your home is being restored. This great coverage provides financial support and convenience, allowing you to focus on getting your life back to normal. You can get reimbursed for hotel stays, temporary apartment rentals, and other short-term lodging circumstances you must pay for while displaced from your home.<\/p>\n

Additional living expense coverage also covers the cost of meals for you and your family if you are displaced from your home after a covered peril and cannot use a kitchen to prepare meals.<\/p>\n

Moreover, ALE coverage will cover the cost of excess mileage you are required to drive to and from your place of employment while away from your home while it is repaired.<\/p>\n

Lastly, ALE has limits that equal a percentage of your home insurance amount. For instance, if you have $300,000 worth of insurance on your home, and your ALE will pay up to 10% of the amount of insurance you have, it would pay up to $30,000 toward your additional living costs. Rates and percentages vary by company.<\/p>\n

Questions? We are here to help.<\/h2>\n

If you have any questions about your home insurance policy or want more information about your additional living expense coverage, call Allen Insurance Agency in Ramseur, NC, at (336) 824-4130 today.<\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to a home insurance policy, many consumers seek the benefit of having their homes repaired or rebuilt in case of a covered peril. They are also concerned with repairing their fences, sheds, walls, barns, and other structures on their land. Moreover, homeowners are often overwhelmed by the thought of losing their personal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6,5],"class_list":["post-71","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-allen-insurance-agency","tag-ramseur-nc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t