Common use of Fair Rental Value Clause in Contracts

Fair Rental Value. When a loss insured causes that part of the residence premises rented to others or held for rental by you to become uninhabitable, we will pay its fair rental value. Payment will be for the shortest time required to repair or replace the part of the premises rented or held for rental, but not to ex- ceed 12 months. This period of time is not limited by the expiration of this policy. Fair rental value will not include any expense that does not continue while that part of the residence premises rented or held for rental is uninhabitable.

Fair Rental Value. When a loss insured causes that part of the residence premises rented to others or held for rental by you to become uninhabitable, we will pay its fair rental value. Payment will be for the shortest short- est time required to repair or replace the part of the premises rented or held for rental, but not to ex- ceed exceed 12 months. This period of time is not limited by the expiration expi- ration of this policy. Fair rental value will not include any expense that does not continue while that part of the residence premises rented or held for rental is uninhabitableun- inhabitable.

Fair Rental Value. When a loss insured causes that part of the residence premises rented to others or held for rental by you to become uninhabitable, we will pay its fair rental value. Payment will be for the shortest short- est time required to repair or replace the part of the premises rented or held for rental, but not to ex- ceed exceed 12 months. This period of time is not limited by the expiration of this policy. Fair rental value will not include in- clude any expense that does not continue while that part of the residence premises rented or held for rental is uninhabitable.