so it pays the rent, or hotel bill, eating out etc.

Message Author
ampm-bookmark
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Sat Oct 25, 2008 11:22 am   Post subject:   

Heres a question you probaly was expecting..what is ALE. I know I may drive people nuts with these questions but I also look at it from the stand point "what if it happened to me or someone close" . It would give me an idea of what to do in that case and make sure I would have the coverage. Better safe than sorry.

fireyone
Senior member
Leave a quick message

fireyone

Joined: 07 Jan 2008
Posts: 1986


2.38 Dollars($)

PostPosted: Sat Oct 25, 2008 11:44 am   Post subject:   

ALE=Additional Living Expense....(you're not driving anyone nuts, that's what this forum is about learning and exchange of ideas and solutions Wink )...if you have a claim and cannot live in your home for a period of time and have to rent a place to stay that's where the money comes from this coverage...it will not pay your existing mortgage payment, utilitys on the insured dwelling etc...(here is where people get screwed up)...it's ADDITIONAL...not EXISTING...so it pays the rent, or hotel bill, eating out etc...until your home is once again safe to move into most policys have a dollar amount limit...I've never seen an HO policy that did not have this coverage.



_________________

"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Forum Expert
Leave a quick message

Lori
Forum Expert

Joined: 10 Sep 2007
Posts: 8080

Location: Missouri
287.93 Dollars($)

PostPosted: Sat Oct 25, 2008 3:25 pm   Post subject:   

Keep in mind that most insurance companies will put a maximum number of months (usually 12) that they will pay.



That is a very reasonable amount of time.



_________________

Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller
LifeIsGood
Senior member
Leave a quick message

LifeIsGood

Joined: 22 Sep 2008
Posts: 574


1.31 Dollars($)

Quick Reply
Your Name
Subject
Message body
All times are GMT
 Previous  1, 2
Page 2 of 2


Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

    Connection Error: Connection refused