What is Loss of Use and Why is it Important?

May 20, 2023

A home on fire, resulting in Loss of Use.

Loss of use coverage on a homeowners insurance Tampa policy provides financial protection for you and your family if your home becomes uninhabitable due to a covered loss, such as a fire or severe storm damage.

If your home suffers damage to the point where it’s unsafe or impossible to live in, loss of use coverage can help cover the costs of additional living expenses, such as temporary housing insurance claims, food, and other essential expenses. This coverage can help ensure that you and your family can maintain your standard of living while your home is being repaired or rebuilt.

The amount of loss of use coverage you have on your policy typically depends on the limit you choose when you purchase your homeowners insurance Tampa policy. The limit can vary, but it’s usually a percentage of your dwelling coverage limit, typically around 20-30%.

It’s important to review your loss of use coverage limit to ensure that it’s adequate to cover your living expenses in the event of a covered loss. If you need to use your loss of use coverage, be sure to keep all receipts and documentation of your additional living expenses so that you can submit them to your insurance company for reimbursement.


**This blog provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverage. These definitions do not alter or modify the terms of any insurance contract.