Living Expenses Home Insurance
This living expenses home insurance coverage does exactly what it says: It provides you with money for living expenses if you cannot live in your home. Living expenses home insurance will cover the cost of living accommodations, meals and other living expenses while your home is being repaired or rebuilt.
This living expenses home insurance coverage varies widely among insurers. Some home insurers will cover you for expenses up to a percentage of the insurance on your home. Some insurers will cover you for an unlimited amount of money, but only for a limited amount of time. So, it depends and you need to understand and read the fine print.
Note that living expenses home insurance coverage is the right coverage to have for reimbursement of rent that you would have expected to receive if you rent out a portion of your home.
You should be able to mix and match the 4 types of home insurance coverages to create the right total package for your living situation. Not everyone will need all these coverages. But, most of us should consider at least home contents insurance for our personal belongings - unless you are living in a fully furnished apartment. In this case, you can likely make do without insurance particularly if you don't own any expensive jewellery.
Read more general information about Home Insurance Policy, Condo Insurance and Renters Insurance. Read specifics about Structural Home Insurance, Home Content Insurance, Home liability insurance, Additional Liability Coverage, Title Insurance, Flood and Earthquake Insurance, and Living Expenses Home Insurance. Don't miss the sections about Home Insurance Savings, Types of Home Insurance Policies, What Home Insurance Covers and Level of Home Insurance for definite information you should know before you buy.