Betterment Insurance

Betterment Insurance

An insurance policy that the renter of a property procures on all improvements he/she makes to that property. This differs from insurance on the property itself. For example, if a dentist rents an office and adds three dental chairs and a laboratory, the property owner procures insurance for the office itself while the dentist buys betterment insurance for the chairs and the lab.
References in periodicals archive ?
Seck Fuan said, 'For example, car owners can now purchase the smart key insurance, or opt for additional coverage such as waiver of betterment insurance and flood damage insurance at a lower premium.