Loss of rent insurance covers a landlord not receiving rent because the rental property becomes uninhabitable due to an insured event and tenants need to move out. It may also cover costs the landlord has to pay for alternative accommodation due to an insured event if this is part of the rental agreement.
Rent guarantee insurance provided cover for when tenants stop paying rent. They may still be living in the property or have chosen to vacate the premises before their tenancy is up. There may also be cover for legal expenses in this regard.