You are basically renting the coverage for a period of time. (choicemutual.com)
This premium would be more than the annual premium for building insurance which includes rent coverage in the event of a claim (although obviously not a «bad tenant» claim). (remonline.com)
The portfolio has an occupancy rate of 93 percent, a quality mix of 52 percent, a net operating income margin of 17 percent and in - place rent coverage of 1.3 x. (nreionline.com)