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    dmrozek
    Ann Arbor, MI
    Fair Rental Value is the amount an insured would receive if they're renting the home, or part of a home, to a tenant and the home becomes uninhabitable because of a covered event.  This would be the rent you lose because the home cannot be lived in.  This includes all payments that continue while the home is uninhabitable.  This amount is included in the "Loss of Use" coverage on a home policy or lost rents on a dwelling policy.  It's there to ensure you don't lose money in the case of a covered claim.
    Answered on December 9, 2013
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