Special assessment insurance question

[Will Sampson]

I Have a condo that I use as a short term rental in Panama City Beach.  We have a massive special assessment dropping and we are told it could take months to fix and the city said we cannot be in our building, it is a atructural thing.  I am curious if any professionals have any insight if there are any insurance options that pay out lost income for the months I will be locked out.  I asked my insurance and they said I do not have that coverage currently.  Any help would be appreciated.  

[Bill B.]

You could simply add lost rent coverage to your policy. If they don’t care you know a loss is coming and you don’t care that they’ll probably raise your rates once you make a claim even after you pay your deductible.