A general term used to refer to any premiums paid toward a renewed policy.

The vehicles of various categories are available on rent from Motor Cycles/Scooters to Buses on Hire/Charter basis for the convenience of consumers. The consumer is required to possess valid and effective driving licence and pay a nominal amount as deposit to hire a vehicle duly insured for damage to the vehicle or liability to third party property damage or bodily injury.

Insurance for the protection of a building owner’s receipts. In the event that a tenant does not pay rent because of perils such as Fire etc. the Insurance Company will pay for such losses.

A form of business income insurance for a landlord. It protects building owners against loss of income when the building cannot be rented because of damage from any of the insured perils. It provides income while an insured’s building is untenantable.

The loss of contract rent that occurs when a tenant is excused from paying rent when a building that is damaged or destroyed is rendered untenable. Also the loss of the contract rent the tenant may be required to pay even though he cannot occupy the building.

On a personal auto policy, coverage for the insured to rent a vehicle while his vehicle is under repairs or for 30 days after a theft of the vehicle or until the vehicle is found, whichever is first.

A property insurance form that covers a landlord/owner in the case of loss of rental income due to damage done to the property by an insured peril. This form also covers loss sustained to the rental value of the property.

Refers to protection of either a landlord’s rental income or an owner-occupant’s economic stake in use of the subject structure. Either interested party can obtain coverage by way of an Insurance Services Office business income form.

The loss of the cost of equivalent premises if an owner-occupant or a tenant cannot occupy a building that was damaged, destroyed or taken less any contract rent that may be discontinued.