Common use of Rent Insurance Clause in Contracts

Rent Insurance. Covered Not Covered As an owner, You are covered for loss of rent in the event Your Private Dwelling House as stated on the Schedule is no longer habitable, as a result of an Insured event for the period necessary for reinstatement. As an occupier, We will pay for reasonable additional expenses incurred at a hotel, lodging house or boarding house, as a result of an Insured event, for the period necessary for reinstatement. This benefit is in addition to the Total Sum Insured as stated on the Schedule. The total limit of liability shall not exceed ten (10) percent of the Total Sum Insured on Your Building and/or Contents. -None-

Rent Insurance. Covered Not Covered As an owner, You are covered for loss of rent in the event Your Private Dwelling House as stated on the Schedule is no longer habitable, as a result of an Insured event for the period necessary for reinstatement. As an occupier, We will pay for reasonable additional expenses incurred at a hotel, lodging house or boarding house, as a result of an Insured event, for the period necessary for reinstatement. This benefit benefit is in addition to the Total Sum Insured as stated on the Schedule. The total limit of liability shall not exceed ten (10) percent of the Total Sum Insured on Your Building and/or Contents. -None-