What does "loss of use" coverage provide to the insured?

Loss of use coverage is designed to assist policyholders in situations where their property is rendered uninhabitable due to a covered peril, such as fire or severe weather damage. This type of coverage provides reimbursement for additional living expenses that the insured incurs while their home is being repaired or rebuilt. This can include costs for temporary housing, meals, and other necessary living expenses that exceed the insured's normal living costs.

This benefits the insured by ensuring that they are not financially burdened during a time when they cannot reside in their home. The aim is to maintain the insured’s standard of living until their home can be restored to a habitable condition.