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.

Have A Question About This Topic?

Side-by-Side: Insured vs. Uninsured

Here's what happens if your small business has an accident and you're not insured.

3 Things to Do Before You Start a Home Business

Thinking about starting a home business? Learn what to do before your front door says “Open.”