You can purchase loss of use coverage as an add-on to your standard home insurance policy. You will be reimbursed for important living expenses if a disaster destroys your home and makes it uninhabitable. You can avoid the stress of figuring out your next move if a fire breaks out in your home or your neighborhood is hit by a hurricane or tornado. Loss of use coverage protects you from possibly going into debt as you seek to maintain your standard of living. It prevents you from stretching your income to meet your monthly mortgage payments while also paying for your temporary lodging. If you are staying in a rental property, you can also qualify for loss of use coverage.