Additional living expenses (ALE) is a type of insurance coverage that helps cover the cost of temporary housing and other expenses if you are unable to live in your home due to a covered event. This could include things like fires, storms, or other natural disasters that damage your home.
If you have ALE coverage, your insurance company will typically pay for the cost of temporary housing, such as a hotel or rental property, as well as other expenses related to your temporary relocation. These could include things like meals, transportation, and storage for your belongings.
ALE coverage is typically included as part of a larger insurance policy, such as a homeowner’s insurance policy or a renters insurance policy. It is designed to help cover the cost of living expenses while your home is being repaired or rebuilt. It is important to carefully review your insurance policy to understand what is and is not covered by your ALE coverage, as well as any limits or exclusions that may apply.