WHAT YOU NEED TO KNOW

Loss of Income Insurance

Loss of Income Insurance compensates for rental income lost if your property becomes uninhabitable due to damages or unforeseen events. If your rental is temporarily unusable, for example due to fire, flooding, or structural damage, this policy will help replace the income you would have earned during that period.

What It Covers:

• Income Replacement: Covers lost rental income if the property is uninhabitable due to covered events, such as fire, water damage, or structural failure.

• Alternative Accommodation Costs: If the property is being repaired, it may cover the costs of providing alternative accommodations to your guests, minimizing the impact on your reputation.

• Rental Interruption: This policy can cover income loss during any downtime, especially if the property needs significant repairs or remediation work.