Does a Tenant Have an Insurable Interest in a Leased Building? Yes

Originally published by Victor Jacobellis and Daniel Veroff.

The standard commercial lease for an entire building will require the tenant to either buy building insurance or reimburse the landlord’s premium payments if the landlord buys the insurance. If the tenant opts to purchase the building insurance, this often results in a lower overall premium to the tenant since the building coverage is underwritten… Continue Reading

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