What Is Fair Rental Value In Home Insurance? 
Fair Rental Value is the amount an insured would receive if they 're renting the home , or part of a home , to a tenant and the home becomes uninhabitable because of a covered event . This would be the rent you lose because the home can not be lived in . This includes all payments that continue while the home is uninhabitable . This amount is included in the `` Loss of Use '' coverage on a home policy or lost rents on a dwelling policy . It 's there to ensure you do n't lose money in the case of a covered claim . 