Quote:
Originally Posted by gregzz4
For example, if the rental property needs to be vacated during repairs from water damage, the landlord will be out of pocket until the premises are again habitated
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Not sure what kind of insurance you had, but the loss of rental income should have been covered. I had a rental house that had a water pipe burst in one of the upstairs bathrooms while my tenants were both at work during the day. You can imagine the damage throughout the whole house with the water running all day...
In any case, I was very pleased with how my insurance company handled it, including covering the rental loss during the restoration. When they were done, I had a minor reno in the house, and it looked better than before. The only downside was having to pay higher premiums the next few years.