Should the building you reside in experience a loss due to a covered peril under your renters insurance policy, rendering your apartment or home uninhabitable, you'll be faced with the need to secure an alternative residence during the repair period. This situation can be both costly and inconvenient.
Ensure that your insurance policy incorporates additional living expense coverage. In the event you must relocate and rent another place, this coverage assists in covering the augmented living costs, encompassing expenses such as moving costs, increased food expenses, and other related expenditures.
Note: Actual policies must be consulted for specific terms and conditions.