It sure is nice to have the resources to pay for comfortable living quarters if you ever have to rebuild your home. It would be tough enough to have to go through the reconstruction. Spending six months in your in-law's guest room could be the real tragedy. But temporary housing isn't cheap — imagine the added cost of renting an apartment to your monthly budget.
If a covered loss puts you out of your home, many homeowners policies will cover the reasonable increases in expenses needed to maintain your normal standard of living. This may include payments for a temporary housing, food, rental income (optional coverage for some policies) and other expenses.