Improvements & Betterments Revisited

My April column on improvements and betterments elicited a number of reader comments and questionssome offering solutions, some bringing up additional issues, and others raising even more “what if” questions.

The premise of the column was that improvements and betterments must meet two criteria in order to qualify for coverage as business personal property on ISOs commercial property and businessowners forms: the alterations must be part of the realty and they must be “made or acquired” at the tenants expense.

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