What would you do if your condo became uninhabitable? Would you have enough funding to handle expenses if you were temporarily unable to occupy your home? If not, you may want to learn about loss of use coverage and how it can benefit you.
Loss Of Use Coverage
Loss of use coverage can protect a condo owner from life’s uncertainties. When faced with the prospect of being unable to remain in the home, the coverage will offer a way to handle the expenses that an insured individual faces.
Alternate Housing
Loss of use coverage may cover the cost of securing alternate housing, a hotel stay, or a rental. This would allow you to remain stable while your condo is being repaired.
Once you have a secure place to temporarily serve as your home, you will not need to worry about disruptions to your normal schedule.
Dining and Beverage Expenses
Loss of use coverage may reimburse you for out-of-pocket dining costs while you are unable to stay in your condo. If your condo becomes flooded, for instance, you may need to leave immediately.
You may not be able to salvage food staples. Loss of use coverage would allow you to replenish your supplies without being solely responsible for the cost of replacement food and beverage items that you need to purchase.
Contact An Insurance Agent in Willoughby, OH
If you would like to learn more about loss of use coverage and how it can protect you as a condo owner, contact one of our agents at The Merhar Agency LLC.
