Which item is NOT covered under BOP business personal property coverage?

Which item is NOT covered under BOP business personal property coverage?

• A. Money and securities
• B. Personal property of others in insured's care, custody, or control
• C. Leased personal property insured by insured
• D. Tenant improvements and betterments in insured's property

Answer: (A)

The main concept is what the BOP’s business personal property portion actually covers. This part of the policy protects personal property owned by the insured and property of others in the insured’s care, custody, or control, as well as certain property the insured has a contractual duty to insure and tenant improvements or betterments made to the insured’s premises. Money and securities, however, are not included in this property coverage; they’re typically excluded and would need a crime coverage endorsement if you want protection for that type of loss. The other items—property of others in the insured’s care, leased personal property the insured must insure, and tenant improvements and betterments—fit the scope of BPP, so they’re covered.

The main concept is what the BOP’s business personal property portion actually covers. This part of the policy protects personal property owned by the insured and property of others in the insured’s care, custody, or control, as well as certain property the insured has a contractual duty to insure and tenant improvements or betterments made to the insured’s premises. Money and securities, however, are not included in this property coverage; they’re typically excluded and would need a crime coverage endorsement if you want protection for that type of loss. The other items—property of others in the insured’s care, leased personal property the insured must insure, and tenant improvements and betterments—fit the scope of BPP, so they’re covered.