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11
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Thomas Skuba
  • Title Representative
  • Bristol, RI
4
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11
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Loss of Use coverage

Thomas Skuba
  • Title Representative
  • Bristol, RI
Posted Sep 13 2016, 05:01
I recently reviewed my rental property insurance coverage for one of my duplexes. It's currently insured for Loss of Use, including Fair Rental Value, up to $91,500. Total gross income for this duplex is just over $20k per year. Do you feel $91,500 in coverage is excessive? Do you use any rules of thumb to insure against Loss of Use for your rental properties?