Loss of Use Insurance
A property owner may purchase insurance to indemnify against the loss of use of property, especially real property, such as a home, office, or business premises.
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Famous quotes containing the words loss of, loss and/or insurance:
“Nothing that grieves us can be called little: by the eternal laws of proportion a child’s loss of a doll and a king’s loss of a crown are events of the same size.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Every nation ... whose affairs betray a want of wisdom and stability may calculate on every loss which can be sustained from the more systematic policy of its wiser neighbors.”
—James Madison (1751–1836)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)