Does renters insurance pay if I have to move out after a fire or water damage?

Yes. Loss of use coverage (also called additional living expenses) on a renters policy pays for a hotel, restaurant meals above your normal food costs, laundry, and other reasonable living expenses while your apartment is being repaired after a covered loss. Most Georgia policies cover this for up to 20 to 30 percent of your personal property limit for up to 12 months. If you live in Alpharetta or Johns Creek where hotel rates run $150 to $200 per night, confirm your ALE limit is sufficient for a realistic repair period — some apartment fires take three to six months to repair.