Which of the following is not covered under the building and personal property coverage form?
Asked by: Ima Altenwerth IV | Last update: June 24, 2025Score: 4.8/5 (51 votes)
Which of the following is not covered by personal property coverage?
Final answer: Coverage C, Personal Property, typically includes most personal items within the insured home, but does not cover vehicles, and high-value items may require additional coverage.
Which of the following would be covered under a building and personal property coverage?
Final answer: Among the options, completed additions are covered under the building coverage of the building and personal property coverage form. Land, bridges, and lawns are not included in this coverage. Only completed structures or improvements like additions are considered covered items.
Which of the following would not be covered under a builder's risk coverage form?
A builders risk coverage form provides protection against losses on the building, equipment, and supplies, but not to accidents on the job, the land, scaffolding, and theft. The policy does not cover war, nuclear hazards, extreme weather, or government seizure.
Which one of the following is covered under the building and personal property coverage form (BPP) as business personal property?
Which one of the following is covered under the Building and Personal Property Coverage Form (BPP) as business personal property? CorrectCorrect. Building contents such as furniture are considered business personal property.
What Is Unit Owners' Building Property Coverage? - CountyOffice.org
What is not covered under the building and personal property coverage form?
If the policy is inadequate, it's usually possible to purchase additional coverage. Building and personal property coverage form excludes claims for loss or damage to land, water, bridges, roadways, and underground pipes or drains. The policy also excludes any loss to plants, crops, trees and shrubs.
Which of the following items is not covered by the BOP?
Losses caused by an off-premises failure of power, communication, water, or other utility service are not covered by the BOP.
What is not usually covered by building insurance?
Highly valued items, such as jewelry, fine art, and collectibles, are often excluded from a typical policy for replacement costs. In addition, damage from certain weather events, like floods or earthquakes, usually requires you to purchase additional home insurance. Be sure to check your liability coverage.
What is not covered under a builders risk policy?
A standard builders risk policy does not typically provide coverage for workplace accidents and injuries or liability coverage. Stand-alone premises liability insurance for slip-and-fall accidents may be secured in addition to course of construction coverage.
Which of the following coverage forms ensures a building under construction?
Builders Risk insurance coverage protects owners and construction contractors against damage to structures while construction is in progress. It indemnifies for loss or damage to a building under construction from accidents or causes of loss that apply.
What is the coverage of a building?
Building Coverage is the maximum horizontal area within the outer perimeter of the building walls, dividers, or columns at ground level or above, whichever is the greater area. the lot size and zoning district for your property.
What is the difference between building property and personal property insurance?
Building coverage normally includes machines and equipment that are permanently installed, such as air conditioning equipment. Personal property consists of property you own such as office furniture, machines and equipment (if not attached to the building), raw materials, goods-in-process, and finished goods.
What is under construction coverage for buildings?
The goal of dwelling under construction insurance is to protect your home while it's under construction. With this type of coverage, you may be protected against risks like theft, vandalism, fires, and storm damage, which are typically insured in a homeowners property policy section.
Which of the following is not typically covered under a property insurance policy?
Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.
What is personal property and liability coverage?
Personal property coverage — also known as contents coverage on a home policy — helps cover the cost of your personal items if they are destroyed, damaged, or stolen due to a covered loss or peril. Personal property includes things like furniture, clothing, electronics, and kitchenware.
Are kitchen cabinets considered personal property?
Kitchen cabinets, flooring, furniture and other items are considered personal belongings. A good rule of thumb for deciding what personal property you have is to consider everything within the four walls and roof of your home.
Which of the following is not one of the available coverages in the builders risk form?
The correct answer to the question which coverage is NOT one of the available additional coverages in the builders risk form is: c) Vandalism. Builders risk forms generally include additional coverages such as fire department service charge, pollutant cleanup, and debris removal.
What is not covered under all risk insurance?
The most common types of perils excluded from "all risks" include earthquake, war, government seizure or destruction, wear and tear, infestation, pollution, nuclear hazard, and market loss.
What is an example of a builder's risk claim?
Also known as construction insurance, builder's risk insurance prevents the insured from having to pay out of pocket if damages happen during construction. For example, vandalism could happen on active job site. Damage includes drywall repair, equipment theft and broken pipes of already-completed plumbing work.
Which of the following is the type of property not covered by the homeowners policy?
Homeowners insurance typically doesn't cover damage from floods, earthquakes, landslides, sinkholes, wear and tear, animals or insects, or water backing up from sewers, drains, septic tanks and sump pumps.
What is building coverage insurance?
Similar to a homeowners insurance policy, building code coverage provides coverage when a peril insured against causes damage to a covered building or structure. Damages resulting from fire, water, falling objects, or storms that require your home to be brought back up to code may be covered.
Which of the following coverages are not included in a garage policy?
Unlike a commercial general liability policy, garage insurance does not automatically provide the following coverages: personal injury, advertising injury, host liquor liability, fire legal liability, medical malpractice, non-owned watercraft, additional persons insured, automatic coverage for 90 days for newly ...
Which item would not be covered under building coverage in a building and personal property policy?
Accounts, bills, currency, deeds, evidences of debt, money, notes or securities, automobiles held for sale, and bridges, roadways, walks, patios, or other paved surfaces are some of the items excluded from coverage. Which of the following items would be covered under the building and personal property coverage form?
What is not covered under a BOP policy?
A BOP doesn't include coverages like workers' compensation, professional liability insurance, commercial auto insurance and data breach insurance. You can add these coverages on to your BOP as additional protection.
Which is not included in BOP?
Detailed Solution. The correct answer is Bonus shares to equity shareholders. Bonus shares to equity shareholders are not included in the balance of payments account. The balance of payments (BoP) is a record of all economic transactions between residents of a country and the rest of the world over a specific period.