Home Insurance Question Indiana IN

Reader’s Question:

Do I have to buy additional living expenses policy when it comes to my home insurance in Indiana? What are the usual inclusions for this coverage?

Ruth

South Bend, IN

Hi there, Ruth.

Additional living expense policy is a rider for your home insurance policy which is intended to cover for possible expenses you might incur when your house needs to be repaired after large damages caused by fire, tornadoes, hurricane, and the like.

Remember that when damage is so large that you need to move out for months to get your house repaired, you will have to pay for a house rental for the temporary house that you will be staying while repair is ongoing. On top of that you would also need to pay for cost of renting furniture and electronics that you will be using while your house is still unlivable.

By purchasing additional living expense, you are assured that such expenses will be covered by your home insurance. This coverage shall also include utility deposits, renters insurance, and other expenses associated with your forced temporary relocation.

This will be necessary as recovering from severe damage to your house is stressful enough. It will save you additional strain of having to look for means to find temporary shelter and having to spend for it out of your own pocket, which might cost a lot if you fail to have it covered.