![]() ![]() ![]() This standard varies from person to person, but we’ll take a look at a few possible examples of what this could mean, as well as what else is covered. What’s Included Under Loss of Use Coverage?Īside from the expenses necessary for your temporary housing, loss of use coverage will also reimburse you for additional expenses required to maintain your standard of living. We’ll take a closer look at what that entails in just a second. Thanks to loss of use coverage, your homeowners insurance policy will pay the funds for your hotel room while your home is being repaired, AND they’ll cover any additional expenses necessary to maintain your lifestyle. Say a heavy windstorm tears the roof off of your house and shatters several windows. In order for loss of use coverage to kick in, the reason you’re displaced from your home must be due to a covered peril-such as fire or water damage (as long as it’s NOT due to floods). What Is Loss of Use Coverage?īroken down, loss of use coverage is an aspect of homeowners insurance that pays any extra expenses necessary to maintain your normal style of living should you be forced to temporarily leave your home. But first, let’s talk about loss of use coverage. Our independent insurance agents are here to help get you set up with the right homeowners insurance for your specific needs. The good news is that homeowners insurance provides something called loss of use coverage, which accounts for the extra funds necessary to maintain the lifestyle you’re accustomed to while you’re displaced from home. But what happens when disaster strikes and forces you to temporarily live elsewhere? What all does homeowners insurance cover while you’re displaced? Owning the roof over your head comes with all kinds of benefits, including the freedom to develop pretty much whatever kind of lifestyle you choose.
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