Lost rent from a fire

[Derik Hammer]

If my property burns down, the Loss of Use line item on my insurance would cover lost rent. However, would I be obligated to provide housing (hotel) for the tenant due to being in a lease or do they just need to find somewhere else to live?

[Matt Devincenzo]

Loss of use coverage provides insurance against the reduction in income it doesn't obligate you to keep the tenants lease going. Their renters insurance may cover their housing if that is a part of their policy. Typically in a substantial loss, the lease is terminated automatically, the insurance covers your loss and the tenant is on their own for their losses including loss of housing.