Is equine "Loss of Use" insurance still a prudent decision?
A “Loss of Use” extension on the mortality policy was established to pay a percentage of the mortality limit (depending on the insurer) to cover this loss.
Loss of Use
A standard part of every homeowners policy is the “Loss of Use” or “Additional Living Expenses” coverage, also known as Coverage D on your policy. When your home is extensively damaged by a named peril in your insurance policy, like a windstorm or fire, and you can no longer live there, Coverage D kicks in.