![]() ![]() ![]() ![]() If you need to leave your home due to an insured loss or evacuation order, your additional living expense coverage will typically reimburse you the cost of a short-term rental or hotel accommodations, plus meals, laundry, and possibly even pet boarding, furniture storage and mileage put on your vehicle. It’s meant to pay for comparable accommodations to what you are used to, so it likely won’t cover a five-star hotel or meals at a five-star restaurant. This coverage is usually limited to a maximum of 20 – 30% of the replacement value of the home, as listed in the policy, or 12 months. Prohibited access: If you are forced to leave your home because of an emergency in your neighbourhood or a government evacuation notice during a natural disaster, you may be able to claim ALE – even if there’s no damage to your home.Īdditional living expense coverage will cover any additional costs if you and your family are forced to leave your home temporarily due to an insured loss, or if you are unable to access your home because of a government evacuation order or sometimes due to damage to a neighbouring property.Ask your broker if you require this coverage as it is not standard. Fair rental value: If you rent out a portion of your home (such as a room, apartment or suite) and your rental unit is unlivable because of an insured event, your home insurance policy may pay for lost rental income.Remember to keep all your receipts, and speak with your broker for more details on coverage. Most Ontario home insurance policies provide three categories of ALE coverage:Īdditional living expenses: This helps to reduce the financial burden related to living away from your home while repairs are being made by covering expenses you normally wouldn’t have such as: ![]()
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