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House on fireAdditional living expenses is a type of coverage that is part of most types of home insurance plans. It is there for situations in which you cannot live in your home due to a covered loss. If you are caught in an area where there is a fire raging or there is significant damage to your home from a covered weather event, it may not be safe to remain in your home. If you have this type of coverage in place, though, you may be able to go to a hotel or another area and gain financial support in doing so.

Your home insurance policy is meant to help you avoid financial loss in situations where your home is damaged. A key type of loss comes from the inability to live in the home for an extended period of time. This type of coverage can help to pay for the costs related to renting a hotel room or other location while you cannot stay in your home.

However, there are limitations to this policy. More so, this policy is often different from one carrier to the next. That is why it is very important for you to take the time to read through your policy to know what type and amount of coverage you have. In most cases, additional living expenses are costs that are "additional" and not regularly occurring. They do not include:

  • Payments for your mortgage
  • Payments towards your rent
  • Your normal food costs
  • Payments to your utilities

Anything that would be considered a standard living expense, something you would be paying anyway if you are at home, could be covered by this policy. It is also important to look at the very specific wording involved in these policies. In some cases, this type of coverage will only kick in if the home is actually damaged. If such as in a case of a nearby fire, you are forced to evacuate but your home is never damaged, the policy may not be applicable.

Take a close look at your home insurance's additional living expense coverage. Find out what it covers and whether or not it provides for all of your needs.

Does your policy include this coverage? Call Afformic Auto Insurance at (888) 888-0972 for more information on Dallas home insurance.

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