Question

A business owner has a building and personal property policy that covers a shed in which he stores extra parts. If he buys a second shed for the same purposes, this will be automatically covered for how long?

1) 15 days
2) 20 days
3) 30 days
4) 45 days

Answer 1

The second shed will be automatically covered by the business owner's building and personal property policy for 30 days.

Step-by-step explanation:

The second shed will be automatically covered by the business owner's building and personal property policy for 30 days.

When the business owner buys a second shed for the same purpose of storing extra parts, it falls under the coverage of the existing policy for a specified period of time. In this case, the coverage will be extended for 30 days without any additional action required from the business owner.