Final answer:
Business Personal Property (BPP) insurance covers property used in daily operations, but typically excludes items like motor vehicles licensed for road use, land and buildings, and inventory held for sale unless specifically included.
Step-by-step explanation:
The question seems to be asking about property that is not covered by Business Personal Property (BPP) insurance. BPP typically covers property that a business uses in daily operations, but certain types of property are generally excluded from such policies. Three examples of property specifically not covered by the BPP can be:
- Motor vehicles that are licensed for road use, such as company cars, are usually not covered under BPP, as they require a separate auto insurance policy.
- Land, including buildings permanently affixed to it, are not part of BPP since land is not susceptible to theft or most types of damage that BPP covers.
- Certain types of property held for sale or installation are also often excluded unless specifically covered; these can include inventory in a retail context.
Understanding which properties are not covered under BPP is essential for businesses to ensure that they have the proper insurance for all their assets.