lease insurance

An agreement to indemnify a leaseholder for the loss of a favorable lease terminated by damage to the property from a peril covered by the policy.

• The amount payable is the difference between the rent and the actual rental value of the property, multiplied by the remaining term of the lease.

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词条贡献者

专业法律翻译郭敏，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与复杂保险交易有关的法律文件。