Additional Living Expenses
Coverage that pays for the extra costs of living away from your home while it is being repaired after a covered event. This can include hotel stays, restaurant meals, and temporary rentals. It only covers costs above and beyond what you would normally spend to live.
Real-World Example
After a kitchen fire made their home unlivable, the Chen family's additional living expenses coverage paid for three months at a nearby rental apartment.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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