Under a homeowners policy, which term refers to the loss of use coverage?

In homeowners insurance, the term that refers to loss of use coverage is indeed Coverage D. This coverage is designed to help policyholders when their home becomes uninhabitable due to a covered peril, such as a fire or severe storm. Coverage D typically provides compensation for additional living expenses, which may include costs such as temporary housing, food, and other necessary outlays incurred while the home is being repaired or rebuilt.

Understanding Coverage D is crucial for homeowners as it protects them from loss of income or unexpected expenses during a time when they may already be facing significant stress due to damages to their property. This coverage ensures that families can maintain a standard of living even when their home is not livable.