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Rents or rental value insurance is 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.
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Rents or rental value insurance is 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.
Additional Information
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.
