Question

Coverage for the fair rental value of insured property can be found in which homeowners policy coverage section?

A. Coverage C - Personal Property Coverage
B. Coverage D - Loss of Use of Living Space
C. Coverage E - Liability Coverage
D. Coverage A - Dwelling

Answer 1

The coverage for the fair rental value of insured property can be found in Coverage B - Loss of Use of Living Space in a homeowners policy.

Step-by-step explanation:

The coverage for the fair rental value of insured property can be found in Coverage B - Loss of Use of Living Space in a homeowners policy. This coverage section provides reimbursement for additional living expenses if the insured property becomes uninhabitable due to a covered loss, such as a fire or storm damage.

For example, if your home is damaged and you are unable to live in it temporarily, Coverage B can help cover the cost of renting an alternative living space until your home is repaired or rebuilt.