Common use of Premises Insurance Clause in Contracts

Premises Insurance. Tenant shall carry fire and extended coverage insurance on all of the building and improvements on the premises in an amount equal to their reasonable replacement value. This insurance coverage shall be adjusted every two (2) years to reflect current replacement values. This insurance shall insure against such hazards as are included in a standard extended coverage endorsement. Tenant may also carry, at its option, additional special extended coverage endorsements. Tenant's insurance coverage may include Tenant's merchandise, trade fixtures, furnishings, equipment and all other personal property of Tenant. However, Landlord shall be named as an insured with respect to the buildings and improvements.

Premises Insurance. Tenant shall carry fire and extended coverage insurance on all of the building and improvements on the premises in an amount equal to their reasonable replacement value. This insurance coverage shall be adjusted every two (2) years to reflect current replacement values. This insurance shall insure against such hazards as are included in a standard extended coverage endorsement. Tenant may also carry, at its option, additional special extended coverage endorsements. Tenant's insurance coverage may include Tenant's Tenants merchandise, trade fixtures, furnishings, equipment and all other personal property of Tenant. However, Landlord shall be named as an insured with respect to the buildings and improvements.