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.
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
Business owners may be able to protect themselves from the financial consequences of losing a key employee.