What Is Loss Of Use In Renters Insurance?

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Loss of use for renters insurance is basically the same as loss of use for homeowners insurance. In layman's terms it means that the premise that is covered is unihabitable for a period of time due to a covered loss. Under these circumstances the insurance carrier will typically provide the insured with monitary compensation to secure another premise for a specified period of time or up to the policy limits  until the covered premise is deemed habitable again or the insured has secured another premise. Please read your policy completely to understand the coverage provided and any limitations that there may be.

   Answered on July 19, 2013

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