They will be covered for the cost of additional living expenses if their home is now unsafe to live in because of the disaster.
What does ALE stand for?
ALE stands for Additional Living Expense (insurance)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ALE
We have 112 other meanings of ALE in our Acronym Attic
- Asian Lion Dance Team (Minnesota and Hawaii)
- Average Logistics Delay Time
- Associate Laboratory Director for Threat Reduction (LANL)
- Africa Local Development Union (UK)
- Association of Lawyers for the Defence of the Unborn (UK)
- Artificial Legal Draftsman for Use in Sales
- Account Level Equivalence (computer security)
- Active Launching and Embedding (Citrix Systems)
- Adaptive Line Enhancement (technique)
- Add Link Exchange (software)
- Address Latch Enable
- Address Lifetime Expectation (IETF)
- Adult Learning and Education
- Advanced Learning Environment
- Advanced Lipoxidation End-Product (biochemistry)
- Agence Locale de l'Energie (French: Local Energy Agency)
- Agence Locale pour l'Emploi (Belgium)
- Agencia Laín Entralgo (Madrid, Spain)
- Air Launched Expendable
- AIRES Lifecycle Extension
Samples in periodicals archive:
It also leaves people potentially unprepared for additional living expenses in later, or frail, retirement, such as funding long-term care.
Chubb's primary flood product has an automatic limit of $7,500 of additional living expense, and gives customers the ability to purchase up to $100,000 of additional living expense coverage, Spicer said.
Some may also cover additional living expenses incurred as a result of the loss, liability coverage should someone get hurt in your residence and legal defense costs.
CASH FLOW AND ADDITIONAL LIVING EXPENSES When advising disaster victims, Hallock says the first questions often concern cash flow.
This new product line coupled with the CEA's existing policy for earthquake coverage--which bundles dwelling, personal property and additional living expenses coverage--should allow policyholders to better meet their insurance and budgetary needs, the CEA says.