MLchartDataset catalogue

Fair rental value coverage FRV

Term · Insurance and risk management · MLC-T-INS-001454

A type of coverage included in many homeowners and dwelling policies that reimburses a landlord for lost rental income if a covered peril makes a rental property uninhabitable. It pays for the amount of rent the landlord would have collected during the period of restoration. This coverage is typically subject to a time limit, such as 12 or 24 months.

Table 1. Record
IdentifierMLC-T-INS-001454
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001454",
  "term": "Fair rental value coverage FRV",
  "field": "Insurance and risk management",
  "definition": "A type of coverage included in many homeowners and dwelling policies that reimburses a landlord for lost rental income if a covered peril makes a rental property uninhabitable. It pays for the amount of rent the landlord would have collected during the period of restoration. This coverage is typically subject to a time limit, such as 12 or 24 months.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/fair-rental-value-coverage-frv/"
}

Record 1,323 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.