Common use of Loss of rental income Clause in Contracts

Loss of rental income. If the insured residential space is rented out and has become inhabitable as a result of the insured event, compensation for the loss of rental income shall be compensated if the rental space was inhabitable, to the extent of the damage incurred, but not more than the sum insured specified in the insurance contract, and for a maximum period of 12 months. Compensation does not include utility bills, contractual penalties, interests on arrears and damage, if the rental contract was terminated for other reasons than the insured event (for example, the rental contract expired).

Loss of rental income. If the insured residential space is rented out and has become inhabitable as a result of the insured event, compensation for the loss of rental income shall be compensated if the rental space was inhabitable, to the extent of the damage incurred, but not more than the sum insured specified in the insurance contract, and for a maximum period of 12 monthsmonths without deductible. Compensation does not include utility bills, contractual penalties, interests on arrears and damage, if the rental contract was terminated for other reasons than the insured event (for example, the rental contract expired).