In this video, Penny from SmartFinancial explains what loss of use coverage is for homeowners, renters and condo insurance and how it can provide financial support if your home becomes uninhabitable due to a covered peril like fire. The coverage includes three types: additional living expenses, fair rental value and prohibited use coverage.
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Loss of Use Coverage Explained in 2 Minutes
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homeowners insurancerenters insurancecondo insuranceloss of use coverageCoverage Dadditional living expenses coveragefair rental value coverageprohibited use coveragefinancial supporttemporary living costshotel staysstorage costslost rent paymentsgovernment orderphysical obstructioninsurance policySmartFinancialfree quote
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