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

A House Divided

A House Divided

By understanding a few key concepts during a divorce, you may be able to avoid common pitfalls.

Breaking Down the Parts of Medicare

Breaking Down the Parts of Medicare

Medicare is broken down into four specific parts—but what do they mean? This article will help you understand each piece.

How Pre-Existing Conditions Affect Life Insurance

How Pre-Existing Conditions Affect Life Insurance

Have a pre-existing condition? Learn the facts before assuming life insurance coverage is costly or low quality.