{"id":90,"date":"2023-12-31T04:00:00","date_gmt":"2023-12-31T10:00:00","guid":{"rendered":"https:\/\/insurance.bankofoakridge.com\/blog\/?p=90"},"modified":"2023-12-31T16:53:15","modified_gmt":"2023-12-31T22:53:15","slug":"adding-loss-of-use-coverage-to-your-renters-policy","status":"publish","type":"post","link":"https:\/\/insurance.bankofoakridge.com\/blog\/adding-loss-of-use-coverage-to-your-renters-policy\/","title":{"rendered":"Adding Loss of Use Coverage to Your Renters Policy"},"content":{"rendered":"<p>At Oak Ridge Insurance Services, we try to educate our clients on the insurance choices they can make to protect their Oak Ridge, NC, homes and belongings. We&#8217;ve previously mentioned the loss of use coverage in our blogs, but today, we&#8217;ll explore what this crucial optional coverage provides.<\/p>\n<h2><strong>Loss of Use in a Renters Insurance Policy<\/strong><\/h2>\n<p>Adding loss of use (LOU) coverage to a renter&#8217;s policy adds coverage that pays for extra financial costs if the home you rent incurs damage from a covered hazard that precludes you from living there temporarily. Loss of use provides payments for the cost of a hotel, motel, or other temporary domicile while the home you rent gets repaired. It also offers a per diem or a flat rate for food that covers the added expense of dining out. Some loss of use coverage also provides money for:<\/p>\n<ul>\n<li>Moving costs<\/li>\n<li>Storage costs<\/li>\n<li>Laundry expenses<\/li>\n<li>Boarding your pet(s)<\/li>\n<li>Added parking and gas expenses.<\/li>\n<\/ul>\n<p>LOU only covers additional costs you incur while not living in your home.<\/p>\n<h2><strong>LOU or ALE?<\/strong><\/h2>\n<p>Consumers sometimes confuse LOU with additional living expenses (ALE). ALE typically covers any reason the home becomes unusable, such as a house fire, and provides more extended coverage.<\/p>\n<h2><strong>Adding LOU to Your Renters Insurance<\/strong><\/h2>\n<p>Your landlord probably does a lot to protect your Oak Ridge, NC, home, but you protect your finances and personal property with a renters&#8217; policy. Contact Oak Ridge Insurance Services today to add loss of use coverage to your renter&#8217;s policy. Let us help you customize your renters&#8217; insurance, so your policy provides you with the necessary coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Oak Ridge Insurance Services, we try to educate our clients on the insurance choices they can make to protect their Oak Ridge, NC, homes and belongings. We&#8217;ve previously mentioned the loss of use coverage in our blogs, but today, we&#8217;ll explore what this crucial optional coverage provides. Loss of Use in a Renters Insurance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[11,10],"class_list":["post-90","post","type-post","status-publish","format-standard","hentry","category-renters-insurance","tag-oak-ridge-insurance-services","tag-oak-ridge-nc"],"_links":{"self":[{"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/posts\/90","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/comments?post=90"}],"version-history":[{"count":1,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions"}],"predecessor-version":[{"id":91,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions\/91"}],"wp:attachment":[{"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/media?parent=90"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/categories?post=90"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.bankofoakridge.com\/blog\/wp-json\/wp\/v2\/tags?post=90"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}