Loss of rent in EQC repairs

Our Experts Answer:

As long as the same type of lease was in place with the tenants at the time of  the earthquake and the insured can evidence this (i.e. some kind of documentation showing a periodic lease existed at that time) then they should be able to get rental for the period the repairs are undertaken. Just because it is periodic in terms should not prejudice the insured, particularly if they can show it has been ongoing for some time. Having said that it should be noted that different policy wordings may impact on how loss of rents cover is triggered. It is also worth noting from a general perspective that should your property be unoccupied when a loss occurs then loss of rents cover would not normally be available.