Coverage D – Loss Of Use Clause Samples
Coverage D – Loss Of Use is a provision in property insurance policies that compensates the policyholder for additional living expenses or loss of rental income when their insured property becomes uninhabitable due to a covered loss, such as fire or storm damage. This coverage typically pays for reasonable costs incurred for temporary housing, meals, and other necessary expenses while the property is being repaired, or reimburses lost rental income if the property is rented out. Its core function is to protect the insured from financial hardship caused by the inability to use their property, ensuring they can maintain their standard of living or income during the period of restoration.
Coverage D – Loss Of Use. The limit of liability for Coverage D is the total limit for the coverages in 1. Additional Living Expense,
Coverage D – Loss Of Use. The limit of liability for Coverage D is the total limit for all the coverages that follow.
Coverage D – Loss Of Use. The Coverage D limit of liability shown in the Declarations is the total limit of liability for all coverages within Coverage D. This limit applies on an aggregate basis for Additional Living Expenses, and Civil Authority Prohibits Use. If a loss by a Peril Insured Against causes the "residence premises" to become uninhabitable, we will cover any necessary increase in living expenses you incur to maintain your normal household standard of living. Payment will be for the shortest time required to repair or replace the premises or permanently settle your household elsewhere.
Coverage D – Loss Of Use. The Coverage D limit of liability shown in the Declarations is the total limit of liability for all coverages within Coverage D. This limit applies on an aggregate basis for Additional Living Expenses and Civil Authority Prohibits Use.
Coverage D – Loss Of Use. Coverage that protects a policyholder from losses sustained if the premises cannot be lived in as a result of a direct loss to either the premises or neighboring premises.
Coverage D – Loss Of Use. If a loss covered under this section makes that part of the residence premises where you reside not fit to live in. we cover. at your choice. either of the following. However, if the residence premises is not your principal place of residence, we will not provide the option under paragraph b. below: