Additional Living Expense Loss
Definition of "Additional living expense loss"
Same as term: Additional Living Expense Insurance: coverage under a Homeowners, Condominium, and Renters policy, that reimburses costs of residing in a temporary location until the insured's home can be made whole again. It usually provides living expenses of from 10-20% of the structural coverage on the home.
Popular Insurance Terms
Organization having as its objective the education of the general public concerning items of national concern of member property and casualty insurance companies. ...
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