leasehold insurance

noun

Legal Definition of leasehold insurance

: insurance against loss to a lessee (as of profits derived from a sublease) because of cancellation of a lease as a result of fire or other specified peril

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“Leasehold insurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/leasehold%20insurance. Accessed 11 Aug. 2020.

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