Business And Personal Property Coverage Form - BPPCF

AAA

DEFINITION of 'Business And Personal Property Coverage Form - BPPCF'

Provisions of a business insurance policy that provide coverage for personal property and buildings. The BPPCF is contained in the simplified commercial lines portfolio (SCLP) policy, and extends coverage in three ways: buildings owned by the business, as well as fixtures, equipment and materials considered permanent; personal property owned by the business; and improvements and personal property of parties other than the insured.

INVESTOPEDIA EXPLAINS 'Business And Personal Property Coverage Form - BPPCF'

BPPCF typically insures against three forms of peril: basic form (e.g. fire, smoke, vandalism), broad form (falling objects, such as ice and sleet) and special cause of loss form (accidental losses outside of flood, earthquakes, and wear and tear).


Businesses can expand the BPPCF coverage to also cover property outside of the building (e.g. trees, fences), information and records, personal effects and off-premise property.

RELATED TERMS
  1. Fake Claims

    The term fake claims refers to insurance claims that are made ...
  2. Building And Personal Property ...

    The document that details the provisions of a type of business ...
  3. Insurance Claim

    A formal request to an insurance company asking for a payment ...
  4. Insurance

    A contract (policy) in which an individual or entity receives ...
  5. Premium

    1. The total cost of an option. 2. The difference between the ...
  6. Commercial Real Estate

    Property that is used solely for business purposes. Examples ...
Related Articles
  1. Home & Auto

    How An Insurance Company Determines Your Premiums

    Find out how insurers use credit history to build an insurance score and how it could affect your bottom line.
  2. Home & Auto

    Cover Your Company With Liability Insurance

    Every business is susceptible to legal action. Find out how to protect yours.
  3. Home & Auto

    The History Of Insurance In America

    Insurance was a latecomer to the American landscape, largely due to the country's unknown risks.
  4. Home & Auto

    Filling The Gaps In General Liability Insurance

    Standard liability coverage may not be enough. Special needs call for specialized policies.
  5. Insurance

    How to Use a Waiver of Subrogation

    A waiver of subrogation means that a party to a contract waives the right to allow someone (usually an insurance company) to sue the other party to the contract in case of a loss.
  6. Retirement

    What is an equity-indexed annuity?

    Understand what an equity-indexed annuity is, its advantages and disadvantages, and how it differs from other annuity investments.
  7. Insurance

    What are some examples of when insurance bundling is a bad idea?

    Learn about situations where insurance bundling may not be a favorable option. Bundling insurance is often a good idea, but there are times when it isn't.
  8. Insurance

    What are some examples of unexpected exclusions in a home insurance policy?

    Learn about commonly excluded perils with different standard insurance policies. Explore events that homeowners should consider when purchasing insurance.
  9. Insurance

    Who are the best-rated home insurance companies in the US?

    Learn about the top rated home insurance companies in the United States based on customer satisfaction surveys. See how customers rank the top insurers.
  10. Insurance

    What are the tax implications of a life insurance policy loan?

    Learn the instances in which you are required to pay taxes on a life insurance policy loan, so you can avoid making a costly mistake.

You May Also Like

Hot Definitions
  1. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  2. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  3. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  4. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  5. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  6. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
Trading Center