What is the maximum amount covered for Outdoor Property under the BPP coverage extension?

The correct amount covered for Outdoor Property under the Building and Personal Property (BPP) coverage extension is $1,000. This coverage specifically addresses items that are not located within the structure but are instead found outside, such as fences, outdoor furniture, or landscaping. The $1,000 limit is designed to provide some level of protection for these assets, recognizing that they can be exposed to various risks, like theft or damage from weather events.

Understanding this limit is vital for businesses to evaluate their risk exposure. If they maintain valuable outdoor equipment or materials, they might need to consider additional coverage options to ensure adequate protection since the limit provided under the standard BPP may not suffice for higher-value items.