Rent Payment Insurance
What does a loss in rent mean?
A loss in rent is the period from the day the tenant ceases to occupy the premises until the day the property is restored to a condition suitable for re-entry. The day of restoring the property to a condition allowing its further occupation is considered the day when renovation work is completed, the water, sewage, and central heating systems are operational, and the gas or electrical kitchen is connected.
The period of the loss in rent for which PZU is responsible, as defined for a single loss in rent, cannot exceed 3 consecutive months – regardless of how long the break lasted – and cannot be shorter than one month.
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