If you're not thoroughly familiar with your policy, it's best to have someone help you navigate this potential mine field. It's also worth noting many policies vary in your requirements to be reimbursed for these types of costs. Honestly, when insurers that have a department or liaison, that person is often the most helpful person you'll ever deal with at an insurance company. Many insurance companies have departments dedicated to helping accommodate you. Placing them on notice of the claim is one of the easiest ways to prevent future disputes.
When the property you live in is rendered uninhabitable, either by an infestation of mold, an inundation of water, significant fire or smoke damage, lack of working or usable plumbing, health concerns related to damages or repairs, or even when a significant portion of the property is unusable during repairs, then you may have a claim for Additional Living Expenses.įrom here forward, it's important that you keep an open line of communication with your insurance company before incurring any Additional Living Expenses. If the proper procedure isn't followed for these coverages you could be losing money from your hard earned savings, or losing money on your rental property that you might never see again. As you might guess, uninhabitable can be a term of art and depends greatly on the type of damages to the property and the individual living in the property. This coverage comes into play when you've sustained a covered loss to property that renders it uninhabitable. An often overlooked portion of insurance claims is for Additional Living Expenses, commonly referred to as "ALE," and Loss of Use.
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