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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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[L015]
Protection against the lessee's (tenant's) loss of value when a lease is canceled because a fire or other peril renders the property unusable, the value being the excess of the rental value of the property over the rental payable in the lease. The insurance against the loss of such value is "leasehold" insurance against whatever perils may be written. More popular with long leases in periods of rising rental values.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100