Additional Living Expenses
Extra charges covered by homeowners policies over and above the policyholder's customary living expenses. They kick in when the insured requires temporary shelter due to damage by a covered peril that makes the home temporarily uninhabitable.
"Additional Living Expenses" In Context
"Ask your insurance provider to explain exactly what the policy does and doesn't cover. Make sure to specify coverage of things like additional living expenses and theft. -- Source: Manitoba's Residential Tenancies Branch Guidebook The weekend blaze at a ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.