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Building and Personal Property Coverage Form (BPP) by Mind Map: Building and Personal Property Coverage Form (BPP)
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Building and Personal Property Coverage Form (BPP)

A. Coverage

1. Covered Property

2. Property not covered

3. Covered causes of loss

4. Additional coverages

5. Coverage extensions

B. Exclusions and limitations

C. Limits of insurance

Outdoor signs

Additional coverages

D. Deductible

E. Loss Conditions

1. Abandonment

2. Appraisal

3. Duties in the event of a loss

4. Loss payment options

5. Recovered property

6. Vacancy

7. Valuation

F. Additional conditions

1. Coinsurance requirement

2. Mortgageholders clause

G. Optional coverages

1. Agreed value

2. Inflation guard

3. Replacement cost

4. Extension of replacement cost to personal property of others

H. Definitions