Building coverage

• Replacement cost coverage of a building owned or leased by the insured (Or that the insured has a contract requirement to insure)
  • The building MUST be scheduled on the policy, and is covered up to the amount shown on the summary page.
• Can also be extended to cover a leased building under the following conditions:
  • Triple net lease requiring replacement coverage for the building (and)
  • The building is scheduled.

Damage to vehicles

• Coverage for damage to vehicles owned or leased by the insured (Or that the insured has an insurable interest in). Think of this like your typical Comp & Collision coverage
  • The vehicle MUST be scheduled on the policy, and is covered up to the amount shown on the summary page

All Other property

• Traditionally called BPP (Business Personal Property)
• Replacement cost coverage for damage to property owned by the insured that is not a structure or vehicle.
• Covered up to the limit shown on the summary page

Business interruption

• Coverage for extra operating costs or lost revenue resulting from a covered property claim.
• Covered up to the limit shown on the summary page.

Inland marine

• Coverage for "Other Property" that is in-transit or away from the insured location.
• This is covered up to the limit shown on the summary page for "Other Property".

Equipment breakdown

• Coverage for property that is damaged as a result of equipment breakdown/failure.
• This is not coverage to replace equipment that stops working.
• Coverage up to the limit (building, or other property) shown on the summary page.

Spoilage