What is covered under Dwelling: Coverage D?

Dwelling: Coverage D specifically pertains to Fair Rental Value. This coverage is designed to compensate the insured for the loss of rental income when a covered property sustains damage that makes it uninhabitable. If a landlord has a rental property that becomes temporarily unlivable due to a covered peril, Coverage D will help to ensure that they do not lose the rental income they would normally receive during the period of repair. This is particularly important for property owners who rely on consistent rental income to cover their expenses.

The other options reference different aspects of a dwelling policy. Additional Living Expense covers the cost of temporarily living elsewhere after a loss, Personal Property refers to the contents inside the dwelling, and Other Structures covers buildings on the property that are not attached to the main dwelling, such as sheds or garages. However, none of these options reflect the specific intent of Coverage D, which focuses solely on the financial loss associated with rental income during a coverage period.