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

Life Insurance Explained

Life Insurance Explained

Looking to learn about life insurance? This comprehensive article is a great place to start.

How Long Can Your Business Stay Out of Business?

How Long Can Your Business Stay Out of Business?

No business wants to flip that “Closed” sign for long, but there’s coverage for that.

Protecting Yourself & Your Home From Hurricanes

Protecting Yourself & Your Home From Hurricanes

It's important to be prepared so that you and your family are ready if disaster strikes.