rent and rental value insurance

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Last updated

July 13, 2026

Quick Summary

Rent insurance and rental value insurance are types of property insurance that cover indirect losses. Rent insurance protects a landlord against lost rental income if damage to the rented premises causes a suspension of rent. Rental value insurance, on the other hand, covers the loss of rental value for the occupant if specified damage occurs to the premises. Both policies are designed to reimburse the insured for financial losses that are a consequence of direct damage to property, rather than the cost of repairing the property itself.123

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insurance
Indirect losses
…after a disaster, and (3) rent and rental value insurance, covering losses in rents that the owner of an apartment house may incur if the building is destroyed. Rental income insurance pays for rent lost when a peril destroys an owner’s property that has been rented to others.
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…after a disaster, and (3) rent and rental value insurance, covering losses in rents that the owner of an apartment house may incur if the building is destroyed. Rental income insurance pays for rent lost when a peril destroys an owner’s property that has been rented to others.
Read More