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?

Money that Buys Good Health is Never Ill Spent

It's important to make sure your retirement strategy anticipates health-care expenses.

Mastering Mobile Lingo

Do you understand these common mobile slang terms?

4 Tips for Adding Your Teen to Your Car Insurance

If your teen is approaching driving age, you may be preparing to add them to your car insurance. It’s important to be aware of these four things before you do so.