What does "loss of use" coverage provide?

"Loss of use" coverage is designed to address the financial impact on a policyholder when their property becomes unusable due to a covered loss, such as damage from a fire or a natural disaster. Specifically, this type of coverage can compensate for rental income that the owner would have received if the property were still habitable. Additionally, it can cover expenses that arise when a property cannot be occupied, like temporary housing costs or other necessary expenses incurred because of the situation.

This coverage is crucial for property owners or landlords who depend on rental income as a source of revenue. It ensures that they are financially supported during times when their property is being repaired or renovated after a loss, thus protecting their financial stability.

The other options refer to unrelated areas of insurance, such as legal fees, health insurance out-of-pocket costs, or vehicle repairs, which do not align with the purpose of "loss of use" coverage.