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Best Companies Homeowners Insurance Loss of Use Coverage

What would you do if an unexpected disaster struck today? Do you know what measures you would take if your home. Did it become uninhabitable and had to find a temporary place to live?

Fortunately, your Universal homeowners or renters insurance policy can help you make a mess. Recovery a little easier for you, and much easier on your bank account, with the loss of use coverage.

Homeowners Insurance Loss of Use Coverage

Homeowners Insurance Loss of Use Coverage
Homeowners Insurance Loss of Use Coverage

What is coverage for loss of use?
It is Coverage D within your homeowners insurance policy that reimburses you for basic living expenses if it is a covered risk. Like burst water pipes, hurricane damage, or a home fire or any other damages, it really damages or destroys your home, causing it to become uninhabitable.

Loss of use coverage can go a long way in alleviating the stress of a natural disaster. So you can maintain your standard of living without borrowing.

If you are a homeowner insurance policy member, you will still have to pay your monthly mortgage payment. So we don’t want you to have to pay double the amount each month.

Best homeowners insurance for vacant rental house

Additional living expenses and fair rental value apply to both landlords and tenants. There are two categories of reimbursement under loss of use coverage. And they can help you reimburse the following expenses:

  • Hotel or rental house of equivalent size to the one you had to leave.
  • Food from the supermarket or restaurants, as well as any food that died during the disaster.
  • Gas because your trips and errands are at a greater distance than usual.
  • Parking and transportation fees that you would not have found if you had been at home.
  • Pet accommodation because a hotel or address does not accept them.


The reimbursement of unoccupied home insurance coverage for loss of use is unique to each person, family and situation. The amount of coverage may be different for landlords and renters.

Coverage of loss of use of homeowners

Depending on the state you live in and the type of homeowners insurance policy you have at present time. Your coverage for loss of use can be up to 20% of your homeowners coverage.

If you have $ 200,000 homeowners coverage, your coverage for loss of use. Would reach a maximum of $ 40,000 ($ 200,000 x 0.20 = $ 40,000). Therefore, if your total expenses reached $ 40,000, you may be reimbursed totally. However, if they exceed that number, you will be responsible for paying any amount that exceeds your maximum..

Area Wise Homeowners Insurance Loss of Use Coverage

Homeowners in high-risk states (Alabama, Florida, Louisiana, Mississippi, North Carolina, South Carolina, and Texas) must purchase special windstorm insurance to protect against tornadoes, hurricanes, hail, and flooding.

This coverage is not available in a standard homeowners insurance policy and is more expensive. California earthquake insurance is also a separate and more expensive policy (on an average $ 850 – $ 1700 per year premium).

Tenants Loss of Use Coverage

Since tenants do not own the property any time. So they live in and do not have housing protection or property insurance for that property. Called “Coverage for loss of use,” which can be adjusted to meet your needs. .

It’s always a good idea to contact your universal agent to find out. If loss of use coverage applies to your particular situation before filing a claim.

  • Best Companies Homeowners Insurance Loss of Use Coverage