Loss of Rent Cover in Home Insurance

With home insurance, namely the loss of rent cover, you can save yourself from such setbacks. So rather than worrying about the costs of repair and the loss of rent, you can rest at ease and be financially covered.

What is Home Insurance for Rental Property?

Before proceeding, it’s worth understanding this — there is no specific rental property home insurance in the UAE. Rather, you can find the ‘loss of rent’ cover in most policies. This particular cover is beneficial for homeowners who have rented out properties.
With a standard household insurance plan, you can get coverage for both the building and its contents against perils such as fire, theft, third-party liability, and more.
Listed below are the standard inclusions of comprehensive home insurance plans —

Tenant’s liability
Content damage or loss
Freezer food
Tenant’s liability — rent cover
Alternative accommodation
Lock and key replacements
Plumbing damages, and more

Loss of Rental Income Insurance

Rent loss coverage in home insurance is one of the key inclusions for landlords. It compensates for the lost rental income if their property is damaged due to a covered peril such as fire or water damage. This ensures that landlords continue receiving rental payments while repairs are made, helping them meet financial obligations like mortgage payments.

It’s worth noting that the rent loss coverage applies only if the damage is due to insured risks — it does not cover tenant-related issues like non-payment or voluntary vacancy. Policy limits and duration of coverage vary, so landlords must know their policy terms to ensure adequate protection.

Top Insurers Providing Rent Loss Coverage in Home Insurance

Tabled below are the top insurers providing home insurance with loss of rent cover —

Name of the Insurer	Plan Name	Loss of Rent Cover
GIG Gulf	Home Comfort	For Building: 20% of the sum insured For Contents: 20% of the sum insured
Tokio Marine	Home Protection	Up to the sum insured limit (may vary for each policy)
Sukoon Insurance	Home Umbrella	For both building and contents: 20% of the building/content sum insured — up to AED 500,000 OR 12 consecutive months
Fidelity United	Manzil Home	N/A

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How to Claim Loss of Rental Income Insurance?

Here’s how you can file a claim for your home insurance for rental property in the UAE:

Inform Your Insurance Provider

Get in touch with your insurer immediately after the incident took place. Report them regarding the loss and/or damages.

Submit the Claim Form and Other Documents

Download the claim form from your respective insurer’s website. Complete it with all the necessary details and attach the mandatory documents as well as photos/videos of the damage.

Claim Request Evaluation

After you submit the claim, the insurer will analyse all the mentioned damages. It may appoint an investigator for the same.

Claim Resolve

After reviewing the claims, the provider will compensate for the damages according to the terms and conditions of the policy.

How to Buy Home Insurance for Rental Property?

Secure your home with loss of rental income insurance via Policybazaar.ae. With just a few clicks, you can easily buy the best policy that meets all your requirements.

Visit the official website of Policybazaar.ae.
Go to home insurance icon and fill out the lead form.
Fill out the form with the necessary details related to your property, contents, personal belongings, and more
Choose your preferred product
Follow the on-screen prompts

For any further queries related to home insurance loss of rent, contact us via call at 800800001. Alternatively, drop us an email at communication@policybazaar.ae.

Frequently Asked Questions

The insurer covers rent for a maximum period of 12 months, including 20% of the contents sum insured. Note that this coverage is capped up to a limit of AED 500,000.

Some of the top plans offering loss of rent cover are —