What is the Definition of Additional Living Expenses?

What is the Definition of 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.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Additional  Living Expenses?

What is the Definition of Additional  Living Expenses?

Check out other definition of insurance terms below:


What is the Meaning of PURCHASING GROUP In Insurance Terms?

An entity that offers insurance to groups of similar businesses with similar exposures to risk.


What is the Meaning of PURE  ENDOWMENT In Insurance Terms?

A life insurance contract that pays a periodic income benefit for the life of the owner of the annuity. The payment can be monthly, quarterly, semiannually or annually.


What is the Meaning of PURE LIFE ANNUITY In Insurance Terms?

A form of annuity that ends payments when the annuitant dies. Payments may be fixed or variable.


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