Insurance

What is Loss of Use?

Loss of Use

[los / uhv / yoos]

noun

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?

Did You Know This Fact About Smoke Detectors?

Do you know how often to change the batteries on your smoke detectors?

Short Term vs. Long Term Disability Insurance

From covering broken bones to chronic illness, here's what you need to know when it comes to your disability insurance options.