Common use of Loss of fair rental value Clause in Contracts

Loss of fair rental value. (a) When all or part of the dwelling building or its detached private structures rented to others or held for rental by you are made unfit for occupancy as a result of loss or damage caused to your insured property by an insured occurrence. Payment will be made solely for the reasonable time required to repair or rebuild the damaged building.

Loss of fair rental value. (a) When all or part of the your dwelling building or its detached private structures rented to others or held for rental by you are made unfit for occupancy as a result of loss or damage caused to your insured property by an insured occurrenceoccurrence under this insurance policy. Payment will be made solely for the reasonable time required to repair or rebuild the damaged building.