Here is what you need to know:

Here is what you need to know:

• The "Covered Peril" Rule: Insurers only pay for lost rent if the building itself sustained physical damage from an event explicitly listed in your policy. Off-site chemical leaks do not qualify as on-site property damage.
• Pollution Exclusions: Most landlord policies contain strict pollution or hazardous substance exclusions, meaning the insurer will not cover damages or income loss tied to toxic spills, government condemnations, or evacuation orders.
• Legal Recourse: If the chemical leak was caused by a specific company, train, or trucking incident, the responsible party's environmental liability insurance might be liable for your lost business income.