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Additional Benefit Of Homeowners Insurance: Additional Living Expenses

Did you know your Irving, TX homeowners insurance covers additional living expenses?

You already know that your homeowners insurance will go to bat for your family after a disaster, protecting you against the cost of rebuilding your home and replacing your personal belongings. If you’ve thought through that worst-case scenario, though, you know there’s another expense your family could face: hotel bills.

If a disaster leaves your house unlivable until repairs are completed, you and your family will (obviously) need to find another place to live. If you don’t have a generous family member or friend with enough spare rooms, that means you’ll find yourselves in a hotel. As your recent vacation can attest, hotel bills can quickly add up.

The good news is that you won’t have to be on the hook for covering those costs! Your Irving, TX homeowners insurance contains a type of coverage called additional living expenses which can cover hotel costs while your home is repaired. With this portion of your policy, you never have to worry about the cost of keeping a roof over your family’s head after a disaster.

What’s more, your additional living expenses coverage doesn’t just stop at housing. Your insurer understands that you’ll likely pay more for food without the use of your own kitchen, and will reimburse you for the extra expense that eating out more often brings to your family.

Do you have questions about how your additional living expenses coverage can help you fully safeguard your family’s quality of life? Would you like to learn more about all of the different ways your Texas homeowners insurance policy is protecting you? For extra insight into your policy and what it can do for your family, contact Global Financial & Insurance Services.