We have an insured that carries a rental value business income coverage on a CP 00 30 10 90. In November the insured premises were vandalized. The insured claims he has the right to collect the monthly rent of the building while he performs the repairs.
Even though the premise was rented at the time of the loss, the tenant's contract ends on November 30. The insured was in the process of advertising the building for rent. He started advertising the building for rent four months prior to November 30.
At the time of the loss the insured was unable to find a new tenant for the building. And there's no evidence that he has a prospect to rent the building.
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