May 16, 2014
Improvements and Betterments coverage is a type of property insurance for an insured who is leasing space from another. It is common for a tenant to lease commercial space from a landlord and require permanently installed fixtures or makes improvements in order to carry on operations. The tenant does so at their own expense. The landlord will often provide the insurance coverage on the building shell, but the tenant will need to maintain the coverage under their insurance policy. Because these improvements and betterments are permanently installed, they are covered under the tenant's policy separately from the tenant's personal property coverage.