Commercial PropertyQuestion 99 of 215
A dry cleaner has customer garments on the premises waiting to be picked up. Which coverage category under CP 00 10 most accurately responds to direct physical damage to these garments?
a.Building coverage
b.Business Personal Property
c.Personal Property of Others
d.Additional Coverage — Pollutant Cleanup
Explanation
Property owned by others but in the care, custody, or control of the named insured (such as customers' clothes at a dry cleaner) is covered under the third category, Personal Property of Others. Loss payment for that category is made to the owner of the property unless the policy states otherwise.
Law Reference: ISO Building and Personal Property Coverage Form — Personal Property of OthersPractice all 215 questions free — no signup required.
Related questions on this topic
- A commercial insured wants the broadest causes-of-loss form available so coverage applies to any direct physical loss that is not specifically excluded. Which causes-of-loss form should the producer recommend?
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