Question

Ryan occasionally uses his new personal iPad at work to handle business matters since it's portable and can easily set up video conferences. He has a computer and another tablet at home, so he usually leaves the iPad at work, locked in his desk drawer. One morning Ryan arrives at work to find a massive sinkhole has opened up underneath the business, swallowing the interior. Which coverage extension in a commercial property policy may pay for Ryan's iPad?

A. Newly Acquired Property
B. None
C. Personal Effects and Property of Others
D. Property Off-Premise
C. Personal Effects and Property of Others

Answer 1

The coverage extension that may pay for Ryan's iPad in a commercial property policy is Property Off-Premise.

Step-by-step explanation:

The coverage extension in a commercial property policy that may pay for Ryan's iPad is Property Off-Premise. This coverage extension typically provides coverage for property that is temporarily away from the insured premises, such as when it is taken off-site for business purposes.

In Ryan's case, since his iPad was at work when the sinkhole incident occurred, it would be considered property off-premise. As long as this coverage extension is included in his commercial property policy, it may pay for the damage or loss of his iPad.