Coverage Extension and Care, Custody, and Control Coverage

July 13, 2011

On commercial form CP 00 10, business personal property includes property of others in the care, custody, and control of the insured. The coverage extensions section provides for business effects and personal property of others with a limitation of $2,500. The coverage extension applies only if there is a coinsurance percentage of 80 percent or more or a value reporting symbol.

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