Loss of rent cover may pay for rental income you cannot collect when an insured event, such as fire or major escape of water, makes the property uninhabitable. Policies usually set a maximum payment, claim period and conditions, and may cover alternative accommodation for tenants instead of your normal rent. Rent guarantee for a tenant’s arrears is often a separate product, so it may not be included in a cheap landlord policy. Check the exclusions and limits carefully, and compare the full policy wording from an FCA-authorised provider rather than relying only on the headline price.