Loss of rent cover can help replace rental income if an insured event, such as serious fire or flood damage, makes the property uninhabitable. Policies usually pay only up to a stated limit and for a set period, while repairs or alternative accommodation may be subject to separate terms. It does not normally cover every missed payment, including rent arrears, unless the policy also includes rent guarantee cover. Check the circumstances covered, exclusions, excess and maximum payment period with an FCA-authorised provider before choosing a policy.