additional living expense insurance Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: additional living expense insurance

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.

additional living expense loss
personal insurance

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