Final answer:
The BPP Coverage Form includes three types of property: (1) owned business personal property, (2) personal property of others under the insured's care, and (3) tenant improvements and fixtures.
Step-by-step explanation:
The BPP Coverage Form, which stands for Business Personal Property Coverage Form, typically covers three types of property for a business. These types are:
- Business personal property owned by the insured and used in the insured's business.
- Personal property of others that is in the care, custody, or control of the insured and located in the premises described in the declarations.
- Fixtures, installations, or any additions or improvements made by a tenant and which are part of a building the tenant occupies but does not own. This is particularly relevant if the improvements are not removable legally.
Understanding the scope of coverage is crucial for businesses to protect their assets against potential risks and losses.