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Updated over 2 years ago on . Most recent reply

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William Coet
  • Lititz, PA
271
Votes |
580
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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

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231
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140
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Bob Willis
  • Investor
  • Curtis, NE
140
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231
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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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