{"id":89,"date":"2023-12-20T04:00:00","date_gmt":"2023-12-20T10:00:00","guid":{"rendered":"https:\/\/www.inspeakinsurance.com\/blog\/?p=89"},"modified":"2024-01-03T02:18:28","modified_gmt":"2024-01-03T08:18:28","slug":"what-is-additional-living-expense-for-on-a-renters-policy","status":"publish","type":"post","link":"https:\/\/www.inspeakinsurance.com\/blog\/what-is-additional-living-expense-for-on-a-renters-policy\/","title":{"rendered":"What is additional living expense for on a renter&#8217;s policy?"},"content":{"rendered":"<p>Additional living expense (ALE) coverage on a renter&#8217;s insurance policy gives you aid associated with increased costs that come with the temporary relocation of your residence while your rental dwelling is uninhabitable.&nbsp;<\/p>\n<p>A landlord&#8217;s insurance only covers the structure of your home or building, not the cost of replacing your personal belongings and temporary housing.&nbsp;&nbsp;So, a standard renters insurance policy with ALE is an excellent protection for you and your family to get reimbursement for reasonably added expenses incurred for staying somewhere else.<\/p>\n<p>ALE coverage can be a financial lifeline after a covered peril such as fire, smoke, explosion, the weight of snow, sleet, or ice, busted pipes, fallen objects, vandalism, or a windstorm.&nbsp;&nbsp;At the same time, you get your life back on track.&nbsp;<\/p>\n<h2>Items generally covered by ALE<\/h2>\n<p>So, which additional living expenses are typically covered?&nbsp;&nbsp;Below is a list of extra costs ALE can help with:<\/p>\n<ul>\n<li>Storage Fees.<\/li>\n<li>Laundry<\/li>\n<li>A hotel stay or temporary housing expenses.<\/li>\n<li>Meal-related bills or restaurant expenses.<\/li>\n<li>Parking and transportation.<\/li>\n<li>Boarding your pet.<\/li>\n<\/ul>\n<p>Remember that ALE may only reimburse for increased costs above what you typically pay for these expenses.&nbsp;&nbsp;For instance, if rent is usually $1000 monthly, but your temporary housing is $1400, then you will be reimbursed the difference of $400.&nbsp;&nbsp;That&#8217;s why it is wise to speak with a licensed insurance agent to get guidance on adequate coverage for you and your family.&nbsp;&nbsp;Our agents at InsPeak Insurance in Arlington, TX can help.<\/p>\n<p>ALE generally pays up to 20% of your renter&#8217;s content coverage in Texas.&nbsp;&nbsp;For example, suppose you have $50,000 in renter&#8217;s coverage.&nbsp;&nbsp;In that case, ALE generally will pay $10,000 per covered peril to help sustain you and your family after the unthinkable happens.&nbsp;&nbsp;<\/p>\n<h3>What is excluded from ALE coverage?<\/h3>\n<p>ALE covers you in various situations, but here are some exclusions you need to know about:<\/p>\n<ul>\n<li>Damage caused by terrorism or nuclear war.<\/li>\n<li>The insurer states that your rental can be inhabited.<\/li>\n<li>Damage caused by pests.<\/li>\n<li>Damage caused by earthquakes or floods (unless you purchase separate renters coverage for flood and earthquake damage).<\/li>\n<li>Mandatory evacuations (unless due to a fire).<\/li>\n<\/ul>\n<h3>Consult With Us<\/h3>\n<p>To know more about the additional living expense coverage on a renter&#8217;s insurance policy, contact your agents at InsPeak Insurance in Arlington, TX today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Additional living expense (ALE) coverage on a renter&#8217;s insurance policy gives you aid associated with increased costs that come with the temporary relocation of your residence while your rental dwelling is uninhabitable.&nbsp; A landlord&#8217;s insurance only covers the structure of your home or building, not the cost of replacing your personal belongings and temporary housing.&nbsp;&nbsp;So, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11,12],"class_list":["post-89","post","type-post","status-publish","format-standard","hentry","category-renters-insurance","tag-arlington-tx","tag-inspeak"],"_links":{"self":[{"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/89","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":1,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":90,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions\/90"}],"wp:attachment":[{"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inspeakinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}