What is “ALE” and how will it affect me if my home is destroyed by a natural disaster?
A. “ALE” – Alternative Living Expense – benefits cover the insured’s immediate and critical needs for food and shelter following a substantial or total loss. ALE benefits provisions have a cap, which gives insurance companies leverage against the insured as benefits run out. Be careful not to accept a less than acceptable settlement if the company drags out your dispute and closes in on your Alternative Living Expense cap.
