Protect Your Luxury Property With Additional Living Expenses Coverage
As a high-net-worth homeowner, you have invested significantly in your high-value property. But what happens if your home becomes uninhabitable due to a covered peril? Additional Living Expenses (ALE) coverage provides the financial security to maintain your lifestyle during a displacement, with higher limits and longer coverage periods than a standard policy, because rebuilding a luxury home often takes longer and costs more.
ALE works alongside the coverage that pays to rebuild, your dwelling coverage, and is most relevant after the perils detailed on our flood and wildfire pages. If a loss occurs, our guide on filing a high-value claim walks you through the process.
Key Benefits of Additional Living Expenses Insurance
Coverage for Temporary Housing
Covers the cost of temporary housing that meets your standard of living, from a comparable luxury rental to a premium hotel, while we help you find accommodations that align with your preferences during a difficult time.
Reimbursement for Meals
Reimburses the difference between your normal food expenses and the cost of meals while displaced, including special dietary needs, so you can maintain your culinary lifestyle without added strain.
Coverage for Utilities
Reimburses the additional utility costs you incur in temporary housing, keeping you comfortable and connected while away from your primary residence.
Transportation Costs
Helps cover additional transportation costs for commuting to work, school, or other essential destinations from your temporary location.
Other Necessary Expenses
Covers a range of additional necessary expenses through our white-glove service, so your unique needs are met with minimal disruption to your lifestyle.
Choosing the Right ALE Coverage
Coverage Limits
ALE limits cap what your insurer will pay and may be expressed as a percentage of your dwelling limit or a set amount. We assess your situation to recommend limits sufficient for your potential expenses.
Waiting Period
Some policies include a waiting or elimination period before coverage begins. We explain any applicable waiting period and help you plan to minimize out-of-pocket strain.
Subrogation
If a third party caused the loss, your insurer may pursue reimbursement from the at-fault party, which can help keep your premiums more affordable. We handle the process and protect your interests.
Policy Renewals and Updates
As your lifestyle and needs change, we review and update your ALE coverage on an ongoing basis to ensure it continues to provide adequate protection.
Call (234) 231-9941 to confirm your ALE limits would actually sustain your lifestyle through an extended rebuild.
