What is Rental Income Insurance?
Rental Income Insurance reimburses you for lost business income (rent) if the premises is damaged by a covered loss (storm, fire) and results in a loss of income or suspension of operations while repairs are made to the property.
What does Rental Income Insurance cover?
Rental Income Insurance provides several important types of coverage. Depending on the insurance company you work with and the options you choose, your policy may consist of some or all of these types of insurance:
- Actual Loss Sustained
- Gross Rents
- Rental Value
Who needs Rental Income Insurance?
Businesses that rent property for an income.