Yes, it will be considered as rental income and you may or may not get a Form 1099-MISC from your insurance company. Also, it must be reported in the tax year it is received. It will not be split between tax years and will be considered as rent in 2025, when received.
Keep your own records so the information is with your tax files to show the rent received as 'loss of rents' from the insurance company.
@sdp4
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