What Is Loss Of Use In Home Insurance?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIThis coverage provides for living expenses for the insured if they experience a covered loss within there home where the property is uninhabitable. This coverage will typically be capped at a specified dollar amount and time frame. Please read your policy completely to understand what coverage is offered and what exclusions there may be or contact your local agent to have them go over the policy with you.Answered on May 20, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482"Loss of Use" coverage in a Homeowners' Policy provides benefits that pay for additional living expenses that you and your family may have if you are forced to leave your home after it was damaged due to a covered loss. Some examples of these expenses may be the cost of a hotel stay or short term rental, perhaps the costs associated with eating out, laundry etc. There will more than likely be certain limitations, so it is always best to talk to your Insurance Professional about the specific terms and conditions of your policy.Answered on July 25, 2014flag this answer
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