Texas General Lines — Property and CasualtyCommercial LinesEasy
A commercial property owner is reviewing their Building and Personal Property Coverage Form. They want to ensure that coverage extends to their newly installed solar panels permanently attached to the building, as well as the outdoor signs affixed to the exterior. Under which category would these items generally be covered?
- AProperty Not Covered
- BBuilding
- CPersonal Property of Others
- DYour Business Personal Property
Show answer & explanationAnswer & explanation
Correct answer: B. Building
The Building and Personal Property Coverage Form defines 'Building' to include structures, permanently installed fixtures, and attached outdoor signs, among other things.
Why the other options are wrong
- A. These items are specifically covered under the 'Building' definition, not excluded.
- C. This covers property belonging to others that is in the insured's care, custody, or control.
- D. This covers movable business property, not permanently attached fixtures or structures.
BPP Building Definition
The 'Building' category in a Building and Personal Property Coverage Form includes the structure, completed additions, fixtures, machinery, and equipment permanently installed, and outdoor signs attached to the building.
- Covers the structure itself
- Includes permanently installed fixtures and machinery
- Covers outdoor signs attached to the building
Memory trick: Building's fixtures are like its permanent tattoos.