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.
Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children.
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.
It may help your business be better prepared in the event of the death of a principal or key employee.