Does Renters Insurance Cover Loss Of Use?

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   Kevin P. Foley, CPA, CPCU

   President, PFT&K insurance Brokers, New Jersey

   Yes, Renters Insurance pays for Loss Of Use in the event you cannot live in your rental unit because of a covered peril.
    
   The limit of insurance is 30% of whatever the contents limit is.  For example, if you purchase $50,000 of contents coverage, your limit of insurance for Loss Of Use is $15,000.  If you want more, you can buy more.
    
   I hope I've answered your question.  If not, feel free to call, fax or email me.
    
    Kevin P. Foley, CPA, CPCU
    PFT&K Insurance Brokers
    T 877-414-2031
    F 877-405-3025
    E kpfoley[at]kpfoley[dot]com
    W www[dot]kpfoley[dot]com

   Answered on October 4, 2013

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