Common use of Coverage D – Fair Rental Value Clause in Contracts

Coverage D – Fair Rental Value. 1. If a loss to property described in Coverage A, B or C by a Peril Insured Against under this policy makes that part of the Described Location rented to others or held for rental by you unfit for its normal use, we cover the fair rental value of that part of the Described Location rented to others or held for rental by you less any ex- penses that do not continue while that part of the Described Location rented or held for rental is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the Described Location rented or held for rental. 2. If a civil authority prohibits you from use of the Described Location as a result of direct dam- age to a neighboring location by a Peril Insured Against in this policy, we cover the Fair Rental Value loss for no more than two weeks. 3. The periods of time referenced above are not limited by the expiration of this policy. 4. We do not cover loss or expense due to can- cellation of a lease or agreement.

Appears in 10 contracts

Samples: Dwelling Property Insurance Agreement, Insurance Binder, Dwelling Property Insurance Agreement

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Coverage D – Fair Rental Value. 1. If a loss to property described in Coverage A, B or C by a Peril Insured Against under this policy makes that part of the Described Location rented to others or held for rental by you unfit for its normal use, we cover the fair rental value of that part of the Described Location rented to others or held for rental by you less any ex- penses expenses that do not continue while that part of the Described Location rented or held for rental is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the Described Location rented or held for rental. 2. If a civil authority prohibits you from use of the Described Location as a result of direct dam- age damage to a neighboring location by a Peril Insured Against in this policy, we cover the Fair Rental Value loss for no more than two weeks. 3. The periods of time referenced above are not limited by the expiration of this policy. 4. We do not cover loss or expense due to can- cellation cancellation of a lease or agreement.

Appears in 3 contracts

Samples: Insurance Policy, Insurance Policy, Dwelling Property Insurance Agreement

Coverage D – Fair Rental Value. 1. If a loss to property described in Coverage A, B or C by a Peril Insured Against under this policy Policy makes that part of the Described Location rented to others or held for rental by you unfit for its normal use, we cover the fair rental value of that part of the Described Location rented to others or held for rental by you less any ex- penses expenses that do not continue while that part of the Described Location rented or held for rental is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the Described Location rented or held for rental. 2. If a civil authority prohibits you from use of the Described Location as a result of direct dam- age damage to a neighboring location by a Peril Insured Against in this policyPolicy, we cover the Fair Rental Value loss for no more than two weeks. 3. The periods of time referenced above are not limited by the expiration of this policyPolicy. 4. We do not cover loss or expense due to can- cellation cancellation of a lease or agreement.

Appears in 2 contracts

Samples: Dwelling Property Insurance Agreement, Dwelling Property Insurance Agreement

Coverage D – Fair Rental Value. 1. If a loss to property described in Coverage A, B or C by a Peril Insured Against under this policy makes that part of the Described Location Loca- tion rented to others or held for rental by you unfit for its normal use, we cover the fair rental value of that part of the Described Location rented to others or held for rental by you less any ex- penses expenses that do not continue while that part of the Described Location rented or held for rental is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the Described Location rented or held for rental. 2. If a civil authority prohibits you from use of the Described Location as a result of direct dam- age to a neighboring location by a Peril Insured Against in this policy, we cover the Fair Rental Value loss for no more than two weeks. 3. The periods of time referenced above are not limited by the expiration of this policy. 4. We do not cover loss or expense due to can- cellation of a lease or agreement.

Appears in 2 contracts

Samples: Dwelling Property Insurance Agreement, Dwelling Property Insurance Agreement

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Coverage D – Fair Rental Value. 1. If a loss to property described in Coverage A, B or C by a Peril Insured Against under this policy makes that part of the Described Location rented to others or held for rental by you unfit for its normal use, we cover the fair rental value of that part of the Described Location rented to others or held for rental by you less any ex- penses expenses that do not continue while that part of the Described Location rented or held for rental is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the Described Location rented or held for rental. 2. If a civil authority prohibits you from use of the Described Location as a result of direct dam- age damage to a neighboring location by a Peril Insured Against in this policy, we cover the Fair Rental Value loss for no more than two weeks. 3. The periods of time referenced above are not limited by the expiration of this policy. 4. We do not cover loss or expense due to can- cellation of a lease or agreement.

Appears in 1 contract

Samples: Dwelling Property Insurance Agreement

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