Insurance

What is Loss of Use?

Loss of Use

[los / uhv / yoos]

noun

1.

Loss of Use coverage can help if a policyholder loses the use of their home because of a covered event. For example, if dining out becomes necessary due to an unusable kitchen, Loss of Use coverage typically means the “difference” from normal expenditures will be covered.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Will It Pay to Buy Travel Insurance This Summer?

Will It Pay to Buy Travel Insurance This Summer?

While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.

Did You Know This Fact About Damaged Property?

Did You Know This Fact About Damaged Property?

Damaged property during the claims process shouldn't be thrown away.

An Arm and a Leg

An Arm and a Leg

A visit to the hospital can be painful, for both your body and your wallet. Don’t let it be more painful than it has to be.