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What is loss of rents coverage on a Georgia landlord policy?

Loss of rents coverage pays the rental income you lose while your property is being repaired after a covered loss. If a fire makes the unit uninhabitable and repairs take four months, loss of rents pays what you would have collected during that period. Most policies cap this at 12 months of actual rental income. For Georgia landlords with mortgages on rental properties, this coverage is essential to avoid out-of-pocket carrying costs during a long repair.

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