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Colorado insurance regulator seeks ALE extensions for Marshall Fire region

Many policyholders would find even a short ALE extension meaningful, the state insurance commissioner said.

ALE provides payment for “extra expenses made necessary by the insured’s inability to reside in the insured dwelling because of a covered loss,” according to the FC&S Insurance Dictionary, which gave restaurant and hotel bills as examples. Credit: Jonatan/Adobe Stock ALE provides payment for “extra expenses made necessary by the insured’s inability to reside in the insured dwelling because of a covered loss,” according to the FC&S Insurance Dictionary, which gave restaurant and hotel bills as examples. Credit: Jonatan/Adobe Stock

The Colorado Division of Insurance (DOI) requested that home insurance companies provide an extension of additional living expense (ALE) benefits for policyholders in the Marshall Fire region, who are still managing through the aftermath of the wildfire.

ALE provides payment for “extra expenses made necessary by the insured’s inability to reside in the insured dwelling because of a covered loss,” according to the FC&S Insurance Dictionary, which gave restaurant and hotel bills as examples. The amount payable is the difference between normal household expenses and the increase.

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Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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