Question

In a BOP, newly acquired properties coverage provides _____ of insurance for new buildings under construction or newly acquired business properties located off the insured premises.

A. 30 days
B. 60 days
C. 14 days
D. 4 days

Answer 1

In a Business Owners Policy, newly acquired properties coverage usually provides 60 days of insurance for new buildings under construction or off-premises newly acquired business properties.

Step-by-step explanation:

In a Business Owners Policy (BOP), newly acquired properties coverage typically provides protection for a certain number of days for new buildings under construction or newly acquired business properties located off the insured premises. The correct answer is B. 60 days. This timeframe allows the policyholder to have a grace period during which their new property is covered by insurance, giving them the chance to update their policy accordingly without leaving the newly acquired assets unprotected.