noun
1.
Loss of Use coverage can help if a policyholder loses the use of their home because of a covered event. For example, if dining out becomes necessary due to an unusable kitchen, Loss of Use coverage typically means the “difference” from normal expenditures will be covered.
Business owners may be able to protect themselves from the financial consequences of losing a key employee.
Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?
Planning a trip but unsure if travel insurance is a good idea? Check out these 4 key things to know what travel policies cover - and what they don’t.