What type of coverage extension may be included in the BPP Form?

The Business Personal Property (BPP) Form typically allows for coverage extensions that enhance protection for various business-related assets. One of the common extensions is coverage for property in-transit. This coverage is essential for businesses that frequently move their goods, providing peace of mind that their assets remain protected while being transported.

When property is in-transit, it is exposed to risks such as theft, damage, or loss. Including this type of coverage in the BPP Form specifically addresses those risks, ensuring that businesses can claim for losses that occur not just in their premises but also during transport.

In contrast, personal injury claims pertain to liability aspects rather than property insurance and do not form part of the BPP coverage. Coverage for additional locations is generally handled under separate endorsements or provisions, not typically included in standard BPP coverage. Similarly, coverage for residual value is unrelated to property insurance and focuses instead on the depreciated value of assets at the end of their useful life, making it less relevant in this context.