ALE pays the additional costs of living away from home if you cannot live there due to damage from a an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt. Keep in mind that the ALE coverage in your homeowners policy has limits—and some policies include a time limitation.
However, these limits are separate from the amount available to rebuild or repair your home. Even if you use up your ALE your insurance company will still pay the full cost of rebuilding your home up to the policy limit. If you rent out part of your house, ALE also covers you for the rent that you would have collected from your tenant if your home had not been destroyed. Next steps: Purchasing a home? Our insurance team is composed of agents, data analysts, and customers like you.
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All insurance products are governed by the terms in the applicable insurance policy, and all related decisions such as approval for coverage, premiums, commissions and fees and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. You are probably aware of some of the common causes of home damage, including strong winds, heavy rain and vandalism. But did you know your home insurance policy covers some pretty surprising things, too?
If someone steals your identity or if a meteorite falls on your kitchen, your home insurance could step in to pay for the damages.
Your homeowners insurance coverage is designed to protect your house, your belongings and your liability exposure. You can often add additional optional coverages as needed. There are some situations that most homeowners policies provide coverage for, regardless of which company you purchase your policy from. Losses like theft, vandalism and wind damage are often frequently covered on a standard homeowners insurance policy.
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Table of Contents. What does homeowners insurance cover? Types of homeowners insurance Dwelling coverage Personal property coverage Personal liability Loss of use or additional living expenses.
Popular Articles. Best travel credit cards. Best cash-back credit cards. Today's year mortgage rates. Coverage Included with homeowners insurance? Tanza Loudenback. Coverage Limits And Deductibles Keep in mind that each coverage in a homeowners insurance policy is subject to a limit — the maximum amount your policy would pay toward a covered loss.
You may be able to adjust your coverage limits to your needs — taking into account, for example, the value of your home and belongings and how much it may cost to repair or replace them if they are damaged or destroyed by a covered risk. In most cases, you will typically have to pay your deductible before your insurance benefits kick in to help cover a loss. Read your policy or contact your agent to review your coverage limits and deductibles.
You can typically adjust them to fit your needs. The protections offered by a homeowners insurance policy may serve as a safety net if the unexpected occurs. A local agent can help you select the types of coverage and limits that make sense for you. What is Dwelling Insurance? Retrieve a saved quote. Skip to main content Explore Allstate.
Popular Searches. Allstate We help customers realize their hopes and dreams by providing the best products and services to protect them from life's uncertainties and prepare them for the future. Skip to main content Toggle navigation Log in.
Edit location. Select a product to get a quote. Register new account Pay your bill. Get your ID cards. Updated: October Homeowners insurance helps provide financial protection for your home and personal belongings. Let's say a detached structure on your property, like a shed, is damaged by a fire. Other structures coverage can help pay for repairs. Keep in mind, you may have to pay a deductible before your coverage kicks in.
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