What does loss of rents coverage do on a landlord policy?

Loss of rents coverage pays the rental income you would have collected while your property is being repaired after a covered loss. If a kitchen fire makes a unit uninhabitable for 3 months, loss of rents pays your normal monthly rent for that period. Most landlord policies cover 12 months of lost rental income. Given current North Atlanta rental rates, this coverage is worth carrying at realistic rent levels.