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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Couples and Money

Couples and Money

Did you know money is a leading cause for break-ups and divorce among couples?

Assess Your Life Insurance Needs

Assess Your Life Insurance Needs

This calculator estimates how much life insurance you would need to meet your family's needs if you were to die prematurely.

Saving for College

Saving for College

This calculator can help you estimate how much you should be saving for college.