What is Loss of Use Coverage?
What is loss of use coverage on property insurance?
Loss of use coverage pays for extra expenses you incur due to living away from your damaged property. This coverage kicks in if the property is uninhabitable due to a covered loss. These extra expenses could be staying at a hotel, meals and cost to cover essential personal items that may have been lost. It’s important to review your loss of use coverage on your property and make sure it’s enough to keep up with your lifestyle.
by Charles J. Greve at CJG Insurance Group
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