Loss of Rent Insurance in California – What Landlords and Tenants Need to Know
Loss of rent insurance protects a property owner’s income when a rental unit becomes uninhabitable due to events like fire, mold, or water damage. In California, many landlord policies offer Loss of Rents/Fair Rental Value coverage, but it’s not universal. Coverage applies only if the peril is covered under the policy. Tenants benefit because the funds help finish repairs faster and reduce the risk of losing housing. A tenant lawyer can explain how loss of rents coverage works, when it applies, and what it excludes, helping both sides of a lease make informed decisions. This guide explains coverage details, legal issues,...
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