Final answer:
Business personal property is covered while it is in the actual building, outside the building, or in a vehicle within 100 feet of the premises.
Step-by-step explanation:
In property insurance, business personal property is covered while it is in the actual building, outside the building, or in a vehicle within 100 feet of the premises. This means that if the property is within 100 feet of the building, it is still considered part of the premises and covered by insurance.
For example, if a business has a storage shed located 80 feet away from the main building, the items stored in the shed would still be covered by the insurance policy. However, if the shed is located 150 feet away from the main building, the items would not be covered.
The purpose of this coverage is to protect the business personal property from damage or loss, whether it is inside the building, outside the building, or nearby in a vehicle.