What does loss of use coverage pay for?

Loss of use coverage is specifically designed to address the expenses incurred when a vehicle is not available for the insured's use due to a covered loss, such as theft or accident damage. This coverage typically pays for alternative transportation options, ensuring that the insured can continue their daily activities despite their vehicle being out of commission.

Options like vehicle repairs and replacement of vehicle contents do not fall under loss of use coverage as they pertain to fixing the vehicle or replacing items inside it rather than covering the costs associated with not being able to use the vehicle itself. Insurance deductibles relate to the amount the insured must pay out-of-pocket before their insurance kicks in, but this does not align with the purpose of loss of use coverage either. Hence, car rentals, taxi fares, and public transportation fares are the direct costs that loss of use coverage addresses, making this the correct answer.