Loss Of Use Insurance Claim. This information is a helpful. If you have a $500 deductible, and you are getting $25,000 for loss of use, you will get $24,500 which is minus the deductible.
Loss of use coverage is typically based on your dwelling coverage and calculated at about 20% to 30% of the dwelling coverage limit. For example, if a fire burns down significant portions of a home and render it unsafe, the loss of use insurance would pay for a hotel and. Everyone’s insurance needs are different.