Loss of Use is simply defined as the inability to use a vehicle, real property or equipment due to damage. In the insurance world, Loss of Use coverage is the compensation paid for each day that a vehicle, real property, or equipment is not used by the owner due to damage. For car owners with damaged vehicles, Loss of Use coverage is the insurance for car rentals during the repair period of the insured vehicle. This allows car owners to claim reimbursements for car rental expenses while the insured vehicle is undergoing repair.
Archive for the ‘Travel Insurance’ Category
Loss of Use: Compensation Insurance for Car Rentals
On October - 13 - 2009Comments Off
Cheap Travel insurance
On October - 8 - 2009Comments Off
get cheap Travel Insurance quotes at Zippy