Which of the following is NOT one of the four optional coverages under the BPP?

Flood Coverage is not one of the four optional coverages under the Building and Personal Property (BPP) form. The BPP typically includes four main optional coverages: Replacement Cost for Property of Others, Inflation Guard, and Agreed Value.

Replacement Cost for Property of Others allows businesses to cover property belonging to others at replacement cost, which is a significant benefit as it can enhance the compensation for property loss. Inflation Guard adjusts coverage limits to reflect inflation, helping ensure that coverage remains adequate as values increase over time. Agreed Value enables policyholders to establish the insured value of their property, ensuring that there will be no coinsurance penalty at the time of a claim.

Flood Coverage, while important and often necessary, is typically not included in standard BPP policies and is usually offered as a separate policy through the National Flood Insurance Program or specific additional endorsements. This distinction is key to understanding the scope of coverage options commonly available under the BPP form.