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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Stay Safe with a B.O.P. At Your Back

Stay Safe with a B.O.P. At Your Back

Learn about the advantages of Business Owner Policies with this highly educational and fun animated video.

What is an Appraisal?

What is an Appraisal?

Do you know what an Appraisal is?

Long-Term-Care Protection Strategies

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.