Loss of rents coverage pays the rental income you lose when a covered property loss makes units uninhabitable during repairs. If a fire forces three units in a 12-unit building out of service for four months, the coverage pays what those units would have generated. Most policies cap the coverage period at 12 months and require a covered peril to trigger it. Documented lease agreements showing pre-loss rent amounts are required to support the claim.

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What does loss of rents coverage pay for in a habitational policy?

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