Respuesta :
(A) The policy covers the property of others that is in the care, custody, and control of the insured is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form.
What is Personal Property Coverage Form?
- Form for personal property coverage (BPP), this form allows a business owner to cover the buildings, fixtures, machinery and equipment, and personal property utilized in business, as well as the personal property of those for whom the business owner is liable, under a single policy.
- Building coverage may include goods permanently attached to the building, whereas personal property coverage includes items that are not permanently attached to the building.
- Land, water, plants, streets, crops, bushes, money, accounts, instruments, or trees are not covered under the building or personal property coverage.
- The Personal Property of Others coverage offered by the Building and Personal Property Coverage Form covers the property of others that is in the insured's care, custody, and control.
Therefore, (A) the policy covers the property of others that is in the care, custody, and control of the insured is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form.
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The complete question is given below:
Which is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form?
A. The policy covers the property of others that is in the care, custody, and control of the insured
B. The policy covers the property of others against loss by theft
C. Property of others is covered at up to $5,000 per described location.
D. The policy covers the interest of others in property that the insured is purchasing on an installment plan
