by Guest » Sat Jul 08, 2006 04:38 am
Additional Living Expenses
Extra charges covered by homeowners policies over and above the policyholder's customary living expenses. They kick in when the insured requires temporary shelter due to damage by a covered peril that makes the home temporarily uninhabitable.
Extra charges covered by homeowners policies over and above the policyholder's customary living expenses. They kick in when the insured requires temporary shelter due to damage by a covered peril that makes the home temporarily uninhabitable.
Posted: Fri Oct 29, 2010 10:14 am Post Subject:
If your home is deemed unlivable due to burst pipes or fire or any other reason that is covered by your Orem renters insurance, your additional living expenses will be covered by that renters apartment insurance. What this means is that you will be provided with the funds that are needed for you to live somewhere else. This can include another Utah apartment or house in Orem that is in the same price range as the one that you had to leave due to the damage.
Typically, the additional living expenses part of your policy does not include the total amount of your policy, but does cover a reasonable percentage of the amount. For instance, you may be insured for $150,000. If your living expenses coverage on your Orem renters insurance policy is 40%, then you have an allowance of $60,000 to cover your living expenses as you find another apartment in Orem and get back on your feet. The amount that you get relies entirely on the particular UT renters insurance policy you have.
It is important to ensure you have a coverage amount that will cover your living expenses in Orem. If you don't have enough, you could find yourself trying to make ends meet during a very difficult time. That's something that no one wants to have to contend with, especially if they have just survived a fire or another type of catastrophe.
Insurance in the United States -- www.insuus.com
Posted: Fri Oct 29, 2010 11:02 am Post Subject:
Blatantly COPIED from another commercial website in Utah.
Help! Police! Stop, thief!
External link in violation of TOU blatantly visible.
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