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

Insurance When You Marry After 40

Insurance When You Marry After 40

If you’re getting married for the first time or remarrying after age 40, life insurance is a must for you and your spouse. Read on and learn about why life insurance is a crucial part of your estate strategy.

What is a Carrier?

What is a Carrier?

Do you know what a Carrier is?

The 5 Roles Life Insurance Can Play in Retirement

The 5 Roles Life Insurance Can Play in Retirement

A life insurance policy can supplement your retirement financial strategy by being a source of emergency cash or loan funds, or by simply providing the confidence that comes from knowing you've covered all the bases.