When suffering from fiscal strains brought on by fire or any natural disaster, it is common for displaced homeowners in the TriState area to temporarily rent a property while the repairs are being made to their homes. A comprehensive temporary displaced living insurance coverage can be customized to compensate for the additional amount that renters would have to pay in order to maintain such a “normal standard of living.
If you are paying a certain amount for your rent and then forced to vacate the premises because of a covered loss, and a comparable rental unit is available but cost a bit more than what you pay on your existing monthly rental fees, the difference of that is considered the additional amount you require to sustain your normal standard of living. Such additional living expense should be all covered had you have a temporary displaced living insurance in VA, MD, DC in place.
Temporary living, which can be in a hotel room or a rental home, and regular meals are a necessity when an insured has been displaced from home. When you are not able to live in your own home until the required fixes are finished, this insurance policy can also pay for the charges in boarding your pets or storing your furniture that have survived from the incident. You no longer have to call your parents and ask if you and your family could come and stay in their spare room while recovering from the stress and damage of such misfortune.
If a disaster ever strikes your home and it is deemed uninhabitable for a short period, you will be glad you took the extra time to purchase a temporary living insurance policy. For more details, contact the licensed insurance professionals of TriState Business Insurance.