Additional Living Expenses
Posted in: Insurance
define: Additional Living Expenses
ALE. A provision of coverage for living expenses when a home is damaged and uninhabitable, in spite of the family’s ability to utilize their normal income or assets, up to a set cap outlined in the policy.
ALE. A provision of coverage for living expenses when a home is damaged and uninhabitable, in spite of the family’s ability to utilize their normal income or assets, up to a set cap outlined in the policy.
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