Additional Living Expense Once the Insured Moves

July 2, 2018

My client incurred a fire at their home which was under contract for sale. The date of closing was scheduled for 3/22/18 and the fire occurred on 3/17/18. As a result of the loss they incurred extensive fire and water damage throughout the majority of the building. The building will not be able to be put up for resale or be occupied for at least 8 months. The insured has already purchased another home in Florida, moved and has an additional mortgage and normal living costs on the home in Florida. With the home sale now cancelled, the insured is forced to incur additional expenses that will be above their normal standard of living having to pay for the cost of 2 homes for the next 8 months or until the home is repaired and sold again.