No one expects to be forced out of their home. But disasters like fires, floods, or windstorms can leave your property temporarily uninhabitable. In these moments, the last thing you want to worry about is where you will stay or how you will afford to maintain your standard of living. That is where Additional Living Expenses, often called ALE, come into play. This important part of your property insurance policy helps ease the financial burden when life is disrupted by a covered claim.

Tenant's insurance, sometimes referred to as renter's insurance, is usually purchased by someone renting an apartment or other property who would like to protect the contents of their home. It does protect the contents of your home, but it has some other features that can be even more valuable. It is a relatively inexpensive coverage and, as David explains in the video below, there's more to it than you might expect.