29.16 B. Insurance

• Jurisdiction: New York

b. Insurance

A sublease often requires the subtenant to provide insurance for the sublet space.⁹⁰¹ Just as a tenant must, a subtenant should confirm with insurance advisers that the subtenant will be able to obtain the required insurance at a reasonable cost. To the extent that the sublease requires more insurance than the subtenant would otherwise provide, any resulting cost is simply another cost of the sublease. The subtenant should also protect itself from the sublandlord increasing the amount of...