Q. My insured is a tenant in a commercial building and the lease requires the tenant to provide loss of rents for the landlord. Is this coverage available?
A. Endorsement CP 15 03 – Business Income-Landlord as Additional Insured (Rental Value) can be used to meet the requirement in the lease. The endorsement defines rental value as the net income that would have been earned from tenant occupancy and the amount of continuing normal operating expenses which are the legal obligation of the tenant
Download a copy of the endorsement on InfoCentral.