It covers the rent you would have collected while the unit is uninhabitable due to a covered loss. If a fire, burst pipe, or other covered event forces your tenant to vacate while repairs are made, loss of rental income coverage reimburses you for that lost rent — typically up to a policy limit or a set number of months. It does not cover vacancy between tenants, non-payment of rent, or income lost because a tenant broke the lease. The distinction matters, and we make sure your policy limits reflect your actual monthly rental income.