definition of additional living expense insurance? | Forex Trading and Money Exchange

definition of additional living expense insurance?
Posted 22 March, 2009 by Conor Rebeca Hoover from Abu Dhabi in United Arab Emirates
my name is Conor Hoover. My mother and i have been trading on Trading USA for in the ballpark of 2 or 3 months now, and we have a question for Your Excellency regarding something that we couldn't comprehend: what does additional living expense insurance mean?
FX Sorcerer Answers:
that's a term of main import to an amateur forex tradr to comprehend, Conor. Additional living expense insurance is Coverage under a homeowner's, condominium owner's or renter's insurance policy that covers the additional costs of living that are incurred by the policy holder should the policy holder be temporarily displaced from their place of residence. Such coverage is usually at about 10% to 20% of the insurance that covers the dwelling. Additional living expense insurance can cover things like the increase in a monthly food bill due to having to eat-out at restaurants or even the loss of income that might be incurred if the insured person were renting out part of their space to a tenant. Essentially the insurance is intended to cover the insured person for the extra expenses he or she may incur due to being temporarily displaced from their home, such as in the case of a fire or flood.
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