Fair rental value coverage - Definition

This is a type of home insurance benefit in which the fair rental value of the rental property is assured should the rental property get damaged. In other words if the insured rents part of the home to a tenant becomes uninhabitable due to damage from a covered peril under the fair rental value coverage, the insurance reimburses the insured party for the lost rent.

Terms near "Fair rental value coverage"

Fair tax
Fair trade
Fair trade investing
Fair value
Fair value hedge
Fair weather fund
Fairly valued
Fairness opinion
Fallen building clause
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