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?

Related Content

Is Cyber Liability Insurance Right for You?

Have you heard of cyber liability insurance? Do you need it?

Understanding Extended Care

Understanding the types of extended care services—and what those services could cost—may be critical.

Personal Finance Tips for Military Families

Military families face unique challenges, making personal finance even more critical.