Loss of Use coverage
What is loss of use coverage?
What is loss of use coverage?
Loss of use coverage is the portion of your home insurance policy that helps pay for additional living expenses if your house was ever badly damaged by a covered peril causing you to move out temporarily while it was repaired.
What type of additional living expenses would be covered?
If your house is ever severely damaged by a covered loss and you're forced to relocate temporarily, additional living expenses can help pay for you to maintain your normal standard of living. Some things that may be covered:
Hotel stays
Temporary rentals
Additional fuel or mileage expenses
Additional grocery or restaurant bills
Rental cars
Transportation costs
Storage units
Daycare costs
Pet boarding
When does loss of use coverage get used?
You can typically only take advantage of loss of use coverage if your home is damaged by a peril that is covered under your home policy. This typically includes:
Fire and smoke
Windstorms
Water damage from burst pipe
Explosions
Falling objects
Vandalism
Weight of ice, snow, or sleet
Volcanic eruption