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?

What to Look for in an Extended-Care Policy

Here’s a list of 8 questions to ask that may help you better understand the costs and benefits of extended-care insurance.

What to Look for in Personal Finance Apps

An increasing number have been developed to help individuals with their personal finances.