Loss of Rent / Alternative Accommodation
Loss of Rent provides protection for a landlord when a fire or other insured peril damages the property so badly that tenants cannot occupy it. Without tenants, a landlord has no opportunity of making any income from rent. This provides the Landlord with replacement rental income for the period whilst the property is undergoing repair following the insured loss. Our offering includes this valuable benefit.
This is sometimes confused with Rent Guarantee Cover which is a separate risk requiring specific cover and we can offer as an optional extra.