Counting the Hidden Costs: ALE, Loss of Use, Fair Rental Value & Business Income

Self-Study course

$49.00

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Master Time-Element Coverage

Learn how ALE, Loss of Use, Fair Rental Value, and Business Income truly work behind the scenes—including triggers, exclusions, policy language interpretation, and how each coverage interacts during real-world claims. You’ll walk away knowing exactly when coverage applies and why.

Build Accurate Calculations

From incremental ALE food costs to FRV deductions to BI projections and Extra Expense logic—you’ll practice step-by-step calculations just like those used in field files and desk reviews.

Navigate Complex Scenarios

Work through mixed-use homes, tenant vs landlord responsibilities, civil authority orders, ingress/egress events, dependent property losses, and insured-caused delays. You’ll learn how to document, communicate, and resolve even the most challenging time-element claims.

Curriculum

8 Chapters · 37 Lessons

1
Welcome
1. (Included in full purchase)
  Welcome
2. (Included in full purchase)
  Learning Objectives
2
Chapter 1 – Foundations of Time-Element Coverages
1. (Included in full purchase)
  What Time-Element Coverages Are
2. (Included in full purchase)
  Where These Coverages Live in the Policy
3. (Included in full purchase)
  The Adjuster’s Role in Time-Element Coverage
4. (Included in full purchase)
  Personal Lines vs Commercial Lines
5. (Included in full purchase)
  Why Time-Element Coverages Are Critical
6. (Included in full purchase)
  Scenario
7. (Included in full purchase)
  Terms Review
3
Chapter 2 – Additional Living Expense & Loss of Use
1. (Included in full purchase)
  Triggers for ALE / Loss of Use
2. (Included in full purchase)
  Adjuster Documentation Expectations
3. (Included in full purchase)
  What ALE & Loss of Use Covers (and Doesn’t Cover)
4. (Included in full purchase)
  Exercise: “Covered or Not Covered?”
5. (Included in full purchase)
  Calculating ALE & Loss of Use
6. (Included in full purchase)
  Documentation, Proof & Best Practices
7. (Included in full purchase)
  Special Scenarios & Gray Areas
8. (Included in full purchase)
  Exercise: Calculating ALE
4
Chapter 3 – Fair Rental Value & Loss of Rents
1. (Included in full purchase)
  Fair Rental Value Basics
2. (Included in full purchase)
  What Fair Rental Value Covers (and Doesn't)
3. (Included in full purchase)
  Documentation Required for Fair Rental Value
4. (Included in full purchase)
  Scenario
5. (Included in full purchase)
  Landlord Claim Workflow & Adjuster Best Practices
5
Chapter 4 – Business Income (Business Interruption) & Extra Expense
1. (Included in full purchase)
  Business Income 101 (The Foundation)
2. (Included in full purchase)
  Terms
3. (Included in full purchase)
  Triggers, Waiting Periods & the Period of Restoration
4. (Included in full purchase)
  Exercise: Trigger or No Trigger?
5. (Included in full purchase)
  Calculating Business Income
6. (Included in full purchase)
  Extra Expense Explained
7. (Included in full purchase)
  Coverage Options & Limitations
6
Chapter 5 – Advanced Time-Element Topics
1. (Included in full purchase)
  Civil Authority, Ingress/Egress & Dependent Properties
2. (Included in full purchase)
  Home-Based Businesses & Mixed-Use Properties
3. (Included in full purchase)
  Exercise: Mixed-Use Duplex
7
Chapter 6 – Claim Handling Workflow & Ethics
1. (Included in full purchase)
  Personal Lines Time-Element Claim Workflow
2. (Included in full purchase)
  Commercial Time-Element Claim Workflow
3. (Included in full purchase)
  Exercise: Determine the Period of Restoration
4. (Included in full purchase)
  Common Pitfalls, Complaints & Ethics
8
Assessment
1. (Included in full purchase)
  Final Course Assessment