Loss of rent cover may help replace rental income if an insured event, such as fire or serious escape of water, makes your property uninhabitable. Policies usually pay for a specified period and up to a stated limit, so check the maximum amount, excess and any waiting period in the quote. It normally does not cover ordinary tenant arrears or a vacant property; rent guarantee insurance may be designed for missed payments, subject to its own terms. Compare the policy wording carefully or ask an FCA-authorised provider to explain any exclusions.