Identify the correct statement about 'Coverage D-Loss of Use' in a homeowners policy.
A)It covers dwelling on the residence premises plus structures attached to the dwelling.
B)It covers structures on the residence premises that are separated from the dwelling.
C)It covers losses sustained if the premises cannot be lived in as a result of a direct loss to either the premises or neighboring premises.
D)It covers personal property owned by others while it is "on the part of the residence premises occupied by an insured."
E)It covers property of guests and residence employees while at any residence occupied by an insured.

Question

Quizplus · Accepted Answer

Coverage D-Loss of Use specifically pertains to the financial losses incurred when the insured premises cannot be used due to a covered loss. This can include additional living expenses or lost rental income, not the physical structures themselves or personal property.

Identify the Correct Statement About 'Coverage D-Loss of Use' in a Homeowners