What is Loss of Rent | Insurance glossary by upcover

Loss of Rent cover pays rental income that a landlord loses when an insured event damages a rental property so it cannot be let to tenants. It compensates landlords for income they would have earned during the repair period. This cover usually has a time limit, often around twelve months, though the exact period varies between insurers and policies.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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