Sentences with phrase «coverage of additional expenses»

Limits for the coverage of additional expenses that the policy owner may incur, when the residence can not be used because of an insured loss, is equal to 20 % of the policy limit on the home.

Not exact matches

Loss of use coverage (also referred to as additional living expenses) pays for expenses as a result of a mobile home becoming uninhabitable.

Loss of use (sometimes called additional living expense) coverage gives renters insurance policyholders financial protection and peace of mind in the event their rental home becomes uninhabitable.

Better Living Now's insurance verification team will verify your insurance coverage and calculate what the additional out - of - pocket expense would be for you to obtain the breast pump of your choice.

This is when Coverage D in your home insurance policy kicks in, better known as loss of use (LOU) or additional living expenses (ALE) coverage.

Additional living expenses, which covers the cost of living elsewhere while your damaged home is being repaired or rebuilt — this coverage usually equates to approximately 20 % of the dwelling's value.

If you lose the use of your home on a temporary basis due to a covered loss such as a fire, loss of use coverage makes sure you have a place to stay and pays for your additional living expenses.

If a covered loss such as a fire prevents you from using the apartment while repairs are being made, or while you're relocating, this coverage kicks in to take care of additional living expense incurred as a direct result of the covered loss, such as hotel costs.

Homeowners insurance policies can provide coverage for damage to your home's physical structure (Dwelling coverage); damage to other structures like a garage or shed (Other Structures coverage); your personal belongings — whether in your home or elsewhere (Personal Property coverage); additional living expenses if necessary in the event of a covered loss (Loss of Use coverage); and your personal liability in the event someone is injured or their property is damaged by you or a family member (Liability coverage).

As the fire victims search for a place to go tonight, loss of use coverage would take care of additional living expenses such as a hotel and meals.

Loss of use coverage is also known as additional living expenses coverage.

You might have hotel or additional food expenses that would normally have to come out - of - pocket, but the coverage is able to respond for those expenses.

This coverage for additional living expenses helps you to maintain your standard of living without it impacting your financial situation.

You'd also have coverage for your additional living expenses to stay in a hotel while your apartment is being dried out from the vandalism, which can save you quite a bit of money.

These costs stack up quickly, and while we're grateful that the Red Cross exists, utilizing your additional living expenses coverage on renters insurance helps take some of the strain off that organization so they're able to help more people.

Potentially, even emergency refills of prescriptions lost in a fire could be covered under additional living expenses, though usually they fall under personal property coverage.

NJ renters insurance loss of use coverage protects you if, as a result of a covered loss, you incur additional living expenses.

Most insurers set your additional living expenses (ALE) coverage at a fixed percentage of your total dwelling coverage amount.

A basic renters insurance policy might provide $ 15,000 of personal property coverage as well as $ 5,000 of additional living expense coverage.

You would also have to ensure that the remaining amount of that $ 5,000 of coverage would be enough to cover those additional living expenses.

To break that down, if a civil authority forces you to evacuate because of a direct and nearby fire which logically puts your own home at risk, additional living expenses coverage may be available to you.

First of all, additional living expense coverage kicks in to cover the immediate need for a place for your family to sleep.

Loss of use coverage pays for additional living expenses after a covered loss.

Loss of use coverage, or additional living expenses, is for those costs.

Garland, TX renters insurance has a coverage called «loss of use» which will do just that, along with covering other additional living expenses resulting from that covered loss.

Loss of use coverage, also known as additional living expenses coverage, pays for hotel costs when you can't use the apartment.

The coverage is designed to pay for a hotel and additional living expenses when you can't use your apartment because of a covered loss.

A fire is a covered loss, so even if it didn't cause damage to your apartment, if the building is not usable, the fire is still the cause of loss so you still have the additional living expense coverage.

Loss of use coverage (sometimes called additional living expenses) is the least - known benefit of condo insurance, yet it could be extremely valuable to a policyholder.

After a covered loss makes your apartment uninhabitable, loss of use coverage will pay for your hotel and other additional living expenses.

They even had loss of use coverage to take care of additional living expenses while they transitioned to new apartments or while their residence was under repair.

And finally, don't forget about loss of use, also known as additional living expenses coverage.

Loss of use coverage means you don't have to use your savings for those additional living expenses, so it's a crucial part of North Dakota renters insurance in 2018.

Loss of use coverage under a renters insurance policy typically only includes reimbursement for additional living expenses.

As previously mentioned, loss of use insurance typically provides coverage for additional living expenses as a result of a covered loss.

Loss of use coverage kicks in to cover the hotel and additional living expenses resulting from the loss by covered peril.

Loss of use coverage pays for your additional living expenses in the event that there's a covered loss that keeps you from being able to use the residence premises.

When you have Louisiana renters insurance, loss of use coverage is available to pay for additional living expenses after a covered loss.

If that loss is so bad that you're not able to use the apartment, such as in the case of a serious and unattended burst pipe, you have loss of use coverage to take care of additional living expenses such as a hotel stay.

Additional living expense coverage protects you in the event of a covered loss, if your home isn't usable for a period of time.

The loss of use portion of your homeowners insurance (coverage D) reimburses you for the cost of additional living expenses when your home... Read More

New York Renters Insurance offers something called «additional living expenses» coverage or «loss of use» coverage.

A properly written University of Texas renters insurance policy for college students would offer coverage for additional living expenses pertaining to the fire.

When you have the coverage, you know that you won't have to pay for that loss out - of - pocket and that you'll be able to rebuild your life with loss of use coverage to pay for your additional living expenses as well as coverage for the damage you do to others and for your own property.

In addition, there's coverage for loss of use or additional living expenses.

In some states, this coverage may be known as Personal Injury Protection and may cover additional expenses such as loss of wages while you're recovering from an accident.

Loss of use coverage in a property policy may refer to additional living expense (homeowners, renters or condo insurance) or fair rental value (landlord insurance policy).

If you can't use the apartment for a period of time because of a covered loss, loss of use or additional living expenses renters insurance coverage protects you by covering the cost difference between what you would normally spend (rent and groceries, for instance) versus the cost to stay in a hotel and eat prepared meals instead of cooking for yourself.

We already know that loss of use coverage requires a covered loss in order for your additional living expenses to be covered.

Loss of use or additional expenses coverage pays for the additional costs you incur for reasonable housing and living expenses if a covered event makes your house temporarily uninhabitable while it's being repaired or rebuilt.