What is the limit of coverage for Valuable Papers and Records under a BPP policy?

Under a Business Personal Property (BPP) policy, the coverage limit for Valuable Papers and Records is typically set at $2,500. This coverage is designed to protect the business against the loss or damage of essential documents and records, which can include financial records, contracts, and other critical paperwork necessary for operations.

This coverage limit applies unless additional coverage has been purchased or endorsements have been added to the policy to increase this amount. Since valuable papers play a crucial role in business continuity and legal compliance, understanding this limit is essential for businesses relying heavily on documentation and record-keeping.

Having this specific cap helps businesses assess whether they need to secure higher limits based on their unique needs and the volume of valuable documents they maintain, ensuring they are adequately protected.