Insurance insights.

Insurance insights. After working with MTNA MTNA Music Teachers National AssociationMTNA Middle Tennessee Nursery Association (McMinnville, Tennessee)members for nearly three years, we have heard a lot of different scenarios regarding the environment in which a teacher provides instruction. These environments range from a home living room to a church to a school classroom. With so many varying environments, our office has reviewed a lot of situations that may arise within these areas. One recurring re��cur?intr.v. re��curred, re��cur��ring, re��curs1. To happen, come up, or show up again or repeatedly.2. To return to one's attention or memory.3. To return in thought or discourse. item that continues to present itself is the lease agreement--specifically the lease agreement that requires you to provide insurance coverage for compliance. Before starting a business or providing instruction, music teachers, like any business professionals, have to do a lot of research and homework. And insurance, as it pertains to leases, is one area that needs particular attention. Some lease provisions can lead to insurance exposure if they are not reviewed carefully so the proper coverage is provided. Different lease agreements may require the tenant to purchase insurance that may or may not provide adequate coverage at the time of loss. Your insurance agent should look for a way to insure Insure can mean: To provide for financial or other mitigation if something goes wrong: see insurance or . Or you may be looking for ensure or inshore. the part of the building that is in your care, custody and control (for example, through a legal liability coverage form). Another section of the lease agreement refers to a tenant's improvements and betterments BETTERMENTS. Improvement's made to an estate. It signifies such improvements as have been made to the estate which render it better than mere repairs. See 2 Fairf. 482; 9 Shepl. 110; 10 Shepl. 192; 13 Ohio, R. 308; 10 Yerg. Verm. 533; 17 Verm. 109. . This portion of the agreement is the most difficult to insure. Ask an insurance agent to review the property coverage to understand exactly what is covered. According to according toprep.1. As stated or indicated by; on the authority of: according to historians.2. In keeping with: according to instructions.3. the American Association American Association refers to one of the following professional baseball leagues: American Association (19th century), active from 1882 to 1891. American Association (20th century), active from 1902 to 1962 and 1969 to 1997. of Managing General Agents; "Your use interest as tenant improvements and betterments (emphasis mine) is what becomes important when you consider valuation." If a lease is not specific regarding the improvements and betterments or completed additions, it may be necessary for both the tenant and landlord to provide insurance coverage. An abatement A reduction, a decrease, or a diminution. The suspension or cessation, in whole or in part, of a continuing charge, such as rent.With respect to estates, an abatement is a proportional diminution or reduction of the monetary legacies, a disposition of property by will, when clause is a section of most lease agreements dealing with damage to the portion of the building that may not be occupied by the tenant. This clause may give the tenant or the landlord the right to terminate a lease if repairs to other parts of the building take longer than a specified timeframe. A tenant then loses the use of the improvements and betterments, although no loss has been incurred by them. A leasehold An estate, interest, in real property held under a rental agreement by which the owner gives another the right to occupy or use land for a period of time. leaseholdn. interest form can protect you from this risk and will pay if one of the four conditions occurs: * Loss of a favorable fa��vor��a��ble?adj.1. Advantageous; helpful: favorable winds.2. Encouraging; propitious: a favorable diagnosis.3. lease * Loss of pre-paid rent * Loss of bonuses paid to acquire a lease * Loss of use interest in a tenant's improvement and betterments It takes numerous items to make a business run, and you may lease personal property such as computers, photo copiers, pianos and other instrumental teaching aides. Three types of property coverage are (a) building, (b) business personal property and (c) personal property of others. When insuring leased business personal property, be certain the property leases specifically require the lessee One who rents real property or Personal Property from another.A lessee of land is a tenant. Cross-referencesLandlord and Tenant. lesseen. the person renting property under a written lease from the owner (lessor). to insure the equipment. If the lease does not require insurance, include the equipment in the limit under Personal Property of Others. The final item to consider is a glass coverage section. Some buildings may have a large plate-glass window that the lessee is required to insure, while the property owner insures the rest of the building. As always, the Robert H. Clarkson Insurance Agency recommends a legal review of all lease agreements before committing to any legal arrangement. RHC RHC Rural Health ClinicRHC Radio Habana CubaRHC Rio Hondo CollegeRHC Rural Health CentersRHC Residence Hall CouncilRHC Receding Horizon ControlRHC Right-Hand CircularRHC Regional Holding CompanyRHC Robinson Helicopter Company can review a number of possible scenarios that may occur if one is not insured properly. Providing MTNA members with as much information as possible to protect themselves, their businesses, their clients and other business associates is a top priority for RHC. RHC will review MTNA members' current insurance coverage and provide competitive comparisons. RHC, with more than forty years' experience in the insurance industry, will provide customized quotes based on specific situations. To accommodate busy schedules, online applications and quote requests are available at www.rhcgroup.com by clicking on MTNA (under important links); or e-mailing mtna@rhcgroup.com, twenty-four hours a day, seven days a week; or calling (800) 338-7148. Tammy Wallace Wal��lace, Alfred Russel 1823-1913.British naturalist who developed a concept of evolution that paralleled the work of Charles Darwin. has been with the Robert H, Clarkson Insurance Agency since October 2002 as marketing director and MTNA program coordinator. She has nearly fifteen years' experience in the insurance industry and holds life, health, and property and casualty insurance licenses.