What is the primary purpose of Coverage D: Fair Rental Value?

The primary purpose of Coverage D: Fair Rental Value is to compensate for lost rental income during repairs. This coverage is designed for homeowners or property owners who rent out their properties. If a rental property becomes uninhabitable due to a covered loss, such as a fire or severe storm, this coverage provides financial relief by compensating the property owner for the rental income they would have earned during the time it takes to repair or restore the property.

This aspect of Coverage D ensures that landlords do not suffer financially if their properties cannot be rented out due to damage, effectively preserving their income during unexpected events. The intention is to protect the economic interests of landlords while they restore their properties, making it a crucial component of a landlord's insurance policy.