Commercial LinesQuestion 459 of 531

Under the building and personal property coverage form, which of these is insured as part of the building?

a.A customer's auto parked in the lot
b.Permanently installed machinery
c.Money and securities kept in the safe
d.Stock the insured is holding for sale

Explanation

Building coverage reaches the described structure, completed additions, permanently installed fixtures, machinery and equipment, and property the insured owns and uses to service the building or its premises. Stock held for sale is business personal property, not building. Money and securities are excluded from the property form and need crime coverage, and a customer's vehicle in the lot is a garagekeepers exposure.

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