Building and personal property coverage form Can cover which of the following expenses Exceptautomobile held for saleBuilding additions Improvement and bettermentProperty of others

Answered: Building and personal property coverage…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

Building and personal property coverage form Can cover which of the following expenses Except

automobile held for sale
Building additions
Improvement and betterment
Property of others

Expert Solution

Step 1

Building and Personal property coverage :

Building and personal property insurance is a type of coverage in which commercial insurance policies are designed to cover the direct physical damage to the commercial property and its contents. If the business is operates in an owned premises , the building and personal property coverage will cover both the building and its personal property, but if the building taken on rent ,the building and personal property insurance will only cover the personal property.