A not-for-profit company leases a building from the state for $10 per year. The state self-insures this 50 year old building. If there is a loss to the building, the state would not likely repair it. The tenant would be looking for a new home at a greatly increased cost of rent. This insured is a prime candidate for leasehold interest insurance. Unfortunately, many agents don't understand how the form works and how the coverage amount is determined.
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