How does Loss of use insurance work?
In-home insurance, loss of use protects you when suddenly something happens to your house that you can not live in and you have to go and live somewhere else. And when you are going to live somewhere else, the insurance company has to pay all your expenses. These include food, transportation, accommodation, and other miscellaneous expenses that you have out of the house at that time.
If you were forced to move out of your house or even a rental property due to damage caused by fire, for instance, loss of use insurance would help to cover costs such as your hotel stay, rental or a temporary apartment or restaurant bills while your residence is being repaired or rebuilt. Actually, Loss of use is insurance coverage that reimburses you for extra expenses you incur because you can’t make use of your property.
