Chpa industry terms 1 15 Study guides, Class notes & Summaries

CHPA Industry Terms 1-15 well answered rated A+ 2023/2024 Last document update:   ago

CHPA Industry Terms 1-15Additional living expense (ALE) coverage - correct answer Reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses prior to the loss. For example, additional living expense insurance would cover an insured's motel bill while fire damage to the home is being repaired, the home is replaced, or until the insured moves to a permanent residence. ALE coverage is subject to a limit eq...