Loss of Use
Insurance coverage that pays for additional living expenses and lost rental income if your home becomes uninhabitable due to a covered peril.
Detailed Explanation
Also known as Coverage D, loss of use includes additional living expenses for homeowners and fair rental value for landlords. It helps maintain your standard of living while your home is being repaired or rebuilt after a covered loss.
Practical Example
When a fire left the Martinez family's home uninhabitable for six months, their loss of use coverage paid for their extended hotel stay, increased food costs, and even kennel fees for their pet—expenses above their normal living costs.
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