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Covering Living Expenses
Living Expenses May Be Incurred If Your Home Suffers
Extensive Damages And Is In Need Of Major Repairs
The expense of putting you and your family up in a hotel, and your
pets in a pound, if you need to vacate your home after an accident, fire
or disaster can be overwhelming, prepare for this, too.
Twenty percent of the value of your home is the norm
for this aspect of the insurance. So, if your home is valued at $200,000
plan on coverage amounting to $40,000.
If your home, or a part of it, is used as a rental or income property
then you should also seek coverage for the loss of that income in the
event of any of the above unexpectedly happening to you.
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