What Is Loss Of Use In Renters Insurance? 
Loss of use for renters insurance is basically the same as loss of use for homeowners insurance . In layman 's terms it means that the premise that is covered is unihabitable for a period of time due to a covered loss . Under these circumstances the insurance carrier will typically provide the insured with monitary compensation to secure another premise for a specified period of timeor up to the policy limits until the covered premise is deemed habitable again or the insured has secured another premise . Please read your policy completely to understand the coverage provided and any limitations that there may be . 