What Does Rents or Rental Value Insurance Mean?

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What does Rents or Rental Value Insurance mean? Read on to discover the definition & meaning of the term Rents or Rental Value Insurance - to help you better understand the language used in insurance policies.

Rents or Rental Value Insurance

Rents or Rental Value Insurance

Time element property insurance that pays for loss of rental income when a building that is rented out to others has been damaged by a covered cause of loss. Coverage is also provided for the fair rental value of the portion of the premises occupied by the insured. Rental value insurance can be provided by a business income coverage form or a specialized rents or rental value coverage form.

We hope the you have a better understanding of the meaning of Rents or Rental Value Insurance.

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