A tenant pays to install new partitions and lighting in the space it leases. Under a commercial property policy that work is insured as:
Explanation
Improvements and betterments made by a tenant are covered as the tenant's use interest within its business personal property, alongside owned stock, furniture and leased property the tenant is contractually required to insure. They are not personal property of others, because the tenant paid for them and holds the use interest rather than holding someone else's goods. The landlord's building limit covers the structure the landlord owns, not the tenant's fit-out.
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