How long does Coverage D provide for rental value and prohibited use?

Coverage D, which pertains to rental value and prohibited use in property insurance policies, typically provides coverage for a specific duration when a property is uninhabitable due to a covered loss. In North Carolina, this period is set to two weeks.

This coverage is critical for property owners because it allows them to recover lost rental income during those two weeks when their property cannot be rented out due to repairs or other covered issues. The two-week timeframe ensures that landlords have some financial relief in the short term while they address the necessary repairs to restore the property's rental capability.

Understanding the specifics of Coverage D is essential for property and casualty insurance professionals as it impacts claims processing and customer expectations regarding rental income continuity following a loss.