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News and Notes
FCIC draws on a variety of sources to bring you useful consumer news, tips and advice.

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Claims Filing Advice for Property Owners Affected by Hurricane Gustav

Standard homeowners and business property insurance policies will cover wind damage from Hurricane Gustav, with insurers assessing losses and paying claims as quickly as possible. Standard homeowners insurance policies also include coverage for additional living expenses (ALE). This pays the additional costs of temporarily living away from your home if it is uninhabitable due to an insured disaster. It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. It is important to keep receipts for all of these expenses so that you can supply the information to your insurance company. Read more...

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