Additions or changes made by a lessee, at his own cost, to a building which he is occupying which enhances its value. These become part of the realty and require special insurance consideration.
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A risk, or subject of insurance, with insurable qualifications below the standard of risks on which the premium for the coverage was based. For example, a Life Insurance prospect with heart disease would be an impaired risk. See Substandard Risk. Contrast with Standard Risk.