Was your home recently damaged? Is it now unsafe to live in a home while home insurance covers the repairs? If so, loss-of-use coverage may be exactly what you need. Most home insurance policies include loss of use as part of their standard coverage. To find out whether your policy includes it, review your home insurance documents or contact the team at Reinas Insurance Agency Inc., serving Pasadena, CA. Our insurance team can help you determine exactly what your home insurance covers.
What Is Loss of Use?
Loss of use is a type of coverage that pays for various living expenses when your home becomes unlivable after a covered peril. Here’s an example: your home is damaged in a fire that’s determined to be a covered event under your policy, and the insurance company has deemed the home unsafe to live in. Under loss-of-use coverage, your policy may help pay for hotel or rental home expenses while repairs are underway.
Who Needs Loss of Use?
Loss of use is typically included in standard home insurance policies. If you carry home insurance, you likely already benefit from this coverage. To confirm exactly what your policy includes, talk to your insurance agent.
Does Loss of Use Pay for Food as Well as Lodging?
Loss-of-use coverage will often help pay for restaurant expenses if you’re forced to eat out due to displacement. It may also help cover the cost of essential clothing if you need to purchase items because of the situation. To find out exactly what’s covered under your specific policy, talk to your insurance agent at Reinas Insurance Agency Inc., serving Pasadena, CA.
