“Loss of Use” Insurance Lessens Effects of Disaster

Losing your home may be unimaginable, but there could be something worse—losing your home with no insurance payment to cover your post-disaster living arrangements. Imagine staying in a shelter rather than a hotel while trying to rebuild your life.
Fortunately, this contingency is usually covered by your homeowners policy, in an aspect of coverage called “loss of use.” This refers to the needs you have besides the cost of replacing your home in the aftermath of a disaster. Rebuilding or buying a new home can take a year or longer, and it’s important that you and your family be secure during that time.

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