Tenants’ Improvements & Betterments

Tenants' Improvements and Betterments coverage is a type of property insurance for an insured who is leasing space in a building and needs permanently installed fixtures or improvements to perform their business functions (for example, mirrors and a barre installed in a dance studio).

The tenant adds those features at their own expense. However, those fixtures or improvements become the property of the landlord unless there is a loss or damage to those improvements. In that case, the tenant is responsible for repairing or replacing those fixtures and improvements. This coverage is intended for those types of repairs and replacements.