Which TWIA policy covers Additional Living Expenses (ALE) alongside On-Premises losses?

The TWIA policy that covers Additional Living Expenses (ALE) alongside on-premises losses is the TWIA 320 policy. This policy is specifically designed to provide coverage for costs incurred if the policyholder needs to live elsewhere due to damage to their insured property. Such coverage is essential for policyholders who find their homes uninhabitable due to a covered peril, allowing them to maintain a reasonable standard of living while repairs are being made.

Additional Living Expenses can include costs such as temporary housing, meals, and other necessary expenses that exceed what the policyholder would normally incur if they were still living at their home. The TWIA 320 policy serves to ensure that residents are not financially strained during the recovery process, thus offering peace of mind in times of distress. In contrast, the other policy options do not provide the same comprehensive coverage for both ALE and on-premises losses.