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Loss of Use
Explanation:
Loss of use coverage provides for the insured party to be reimbursed for costs incurred or earnings lost as a result of their inability to use insured property that has been damaged.
Loss of use coverage is particularly important for business owners as well as people living in areas that are under high risk for natural disasters. In the latter case, loss of use coverage may pay for hotel stays, transportation, food, and even one's mortgage.