Leasehold Insurance

Definition of "Leasehold insurance"

Nancy & Kevin Hyde real estate agent
Nancy & Kevin Hyde, Real Estate Agent Parsley Baldwin Realty Inc.

Insurance coverage provided for an individual having a lease at a favorable rate, one which is less than the market value of the property. The insurance indemnifies the tenant for business losses in the event the landlord cancels the lease because of the occurrence of an insured peril, such as an explosion. The theory is that the loss of the favorable lease is a serious business loss that should be indemnified.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions