Additional Living Expenses (ALE)
Definition:
The extra costs you face when your home is uninhabitable due to a covered loss.
Explanation:
ALE covers temporary housing, food, and other necessary expenses while your home is being repaired. It helps homeowners maintain their normal standard of living during displacement.
Example:
If a fire forces you out of your home for two months, ALE coverage may pay for a rental apartment and meals until repairs are complete.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.