- Betterment insurance refers to insurance coverage that a tenant in a rental property carries to cover any additions or modifications to the leased space that are made to fit his or her, or a business's, particular needs. The property owner typically holds an insurance policy to cover the structure; the tenant procures a policy to cover any improvements made to the property.
Betterment insurance policies cover improvements made by a tenant to a rented property, and most often refer to commercial properties. For example, a company may rent a commercial property to house its offices. The property owner holds an insurance policy on the structure. The company renting the building purchases a betterment insurance policy to protect any improvements or additions to the property, including shelving, equipment, desks, computers, etc.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
American Medical Association — Infobox Organization name = American Medical Association image border = size = caption = msize = mcaption = motto = Helping Doctors Help Patients Mission Statement= to promote the art and science of medicine and the betterment of public heath… … Wikipedia
Catholic Congresses — Catholic Congresses † Catholic Encyclopedia ► Catholic Congresses One of the remarkable and important manifestations of the social and religious life of the present day are gatherings of Catholics in general public conferences. This… … Catholic encyclopedia
EngenderHealth — is a 501(c)(3) nonprofit organization based in New York, internationally active in contraception, HIV and AIDS, gender equity, obstetric fistula, sterilization, and other sexual and reproductive health (SRH) issues in dozens of developing… … Wikipedia
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
Condition of average — Illustration of the partial payout of Sum Insured against probability of occurrence Condition of average (also called underinsurance in the U.S., or principal of average, su … Wikipedia
Howard Staley — Dr. Howard Staley, (born March 23, 1955) is a Doctor of Podiatric Medicine [D.P.M.] and Surgery and a Chatham County, North Carolina Democrat, who announced on January 17, 2008 that he would join the race for United States Senate in North… … Wikipedia
Hong Kong — Hong Konger. Hongkongite, n. /hong kong / 1. a British crown colony comprising Hong Kong island (29 sq. mi.; 75 sq. km), Kowloon peninsula, nearby islands, and the adjacent mainland in SE China (New Territories): reverted to Chinese sovereignty… … Universalium
Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… … Universalium
South Africa — Republic of, a country in S Africa; member of the Commonwealth of Nations until 1961. 42,327,458; 472,000 sq. mi. (1,222,480 sq. km). Capitals: Pretoria and Cape Town. Formerly, Union of South Africa. * * * South Africa Introduction South Africa… … Universalium
benefit — ben·e·fit n 1: something that provides an advantage or gain; specif: an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit: a benefit to the community at… … Law dictionary