Home insurance policies in Snellville, GA, contain various provisions to protect you against risks. While most people think of receiving compensation for theft or damage, a lesser-known provision involves when you can’t live in your home. Toney Insurance Services can help you understand the circumstances that apply to loss-of-use provisions.
Part D Covers Additional Living Expenses
When you read your homeowner’s policy, you’ll see a section entitled Part D. This section details loss-of-use provisions. It kicks in when your home becomes uninhabitable due to damage from a covered risk. These risks include:
- Fire
- Severe storms such as tornadoes
- Burst pipes
- Other listed perils
It does not cover expenses to rebuild your home, which is covered by dwelling coverage. It only applies when a covered peril causes the damage, and you incur additional costs due to being unable to live in your home.
What Loss-Of-Use Coverage Provides
Loss-of-use provisions typically pay for additional living expenses that you wouldn’t usually have if you lived in your home. Examples of additional costs are:
- Hotel or temporary rent costs
- Restaurant meals
- Pet boarding
- Laundry services
- Increased commuting costs
When Loss-Of-Use Doesn’t Apply
This provision does not pay for all expenses that you may incur while living in temporary housing. For example, you still must pay for groceries, the mortgage on your damaged home and other regular expenses. It also won’t pay for everyday issues that make your home unsafe or voluntary evacuations due to a perceived threat.
Please read your policy to learn what perils it covers. You can add voluntary evacuations and other excluded perils for an additional fee under specific policies.
Learn how you can protect your family and give them a place to live with loss-of-use coverage in your home insurance policy. Contact Toney Insurance Services, serving Snellville, GA, for an appointment.
