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Updated about 2 years ago on . Most recent reply

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578
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268
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William Coet
  • Lititz, PA
268
Votes |
578
Posts

Insurance for Loss of Rent Due to Broken Water Pipe.

William Coet
  • Lititz, PA
Posted

Hello, 

A water pipe broke and caused flooding.  Tenants will be out of apartment for 2-3 weeks.  Tenants have put a stop payment on check and said they will prorate for when it is complete.  

Will landlord policy insurance typically reimburse us for this?

Thanks!

Most Popular Reply

User Stats

229
Posts
139
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Bob Willis
  • Investor
  • Curtis, NE
139
Votes |
229
Posts
Bob Willis
  • Investor
  • Curtis, NE
Replied

In my experience loss of revenue (due to a covered event) is a separate coverage/line item on your insurance policy. That is something that would have needed to be included. It is not always part of a policy. You would need to work with your agent on that. Also what @Nathan Gesner said above.

  • Bob Willis
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