Day: November 14, 2024

If your home becomes uninhabitable due to a covered loss, loss of use (or additional living expenses, ALE) covers expenses like temporary housing, food, and transportation. Here’s how to maximize this benefit:

Home insurance policies often offer an inflation guard endorsement to help keep your coverage in line with rising property values or inflation rates:

Homeowners often assume that if their home is destroyed, their policy will cover the entire cost to rebuild. However, there are subtle differences between replacement cost coverages: Extended Replacement Cost Guaranteed Replacement Cost

You can add optional coverages (endorsements) to customize your policy: