After a lightning strike or fire, you may need to move out of your home temporarily. In this case, your home insurance may offset the cost of a short hotel stay while you conduct repairs. For more extensive damage caused by vandalism, a tornado, or another covered event, you may require rental assistance. Depending on how your policy is written, you could be eligible for storage fees, rental expenses, and pet boarding. An agent at Presley Insurance Group, serving Dallas, TX, can help you better understand the role your home insurance plays in covering temporary housing.
What Is Temporary Housing Coverage?
Also called loss of use coverage, temporary housing is typically included in home insurance policies. How do you qualify? If your home becomes uninhabitable after a covered loss, your policy may cover the cost of maintaining a separate home. Your agent can help you understand your current insurance does and doesn’t cover. Additionally, we’ll offer advice on what limits will best cover your risks.
How Does Temporary Housing Coverage Work?
Additional living expense coverage pays for a hotel room or apartment rental while you rebuild or repair your home. You’ll probably have additional costs, such as restaurant meals, laundry expenses, and storage fees associated with the covered peril. Pet boarding and gas mileage may also apply, especially if you can’t bring your pet with you to the hotel, or you have a longer commute to work. Fortunately, these expenses are usually included in temporary housing insurance.
Remember, this coverage only applies if you lose the use of your home after an event listed on your home insurance policy. Contact an agent at Presley Insurance Group to schedule a home insurance review for your property in Dallas, TX.
