Fixtures: Personal or Real Property? Commercial property forms usually provide coverage for fixtures in three places. While that fact may make it seem as if the forms would encompass all coverage situations, coverage disputes still continue to arise.
Summarizing the three coverage parts, coverage for fixtures is provided as part of the coverage for the building, as business personal property, and, for tenant insureds, for use interest in improvements and betterments. Improvements or betterments are defined as fixtures, alterations, installations or additions made a part of the rented or leased premises that the insured is legally unable to remove.
The disputes arise at the time of a loss over whether damaged property is a fixture or personal property, particularly when there is inadequate coverage.
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