What Does Building and Personal Property Coverage Form Mean?
A building and personal property form is a document that provides the important details about the property and its coverage. It lists the insured property, the amount of coverage, and the insured contents within the property, among other items.
Insuranceopedia Explains Building and Personal Property Coverage Form
Building and personal property insurance policyholders are advised to read this form thoroughly. Not only does it specify the amount of money that the insurance can provide in case of loss or damage, but it also gives details about the conditions required for getting that money and the policy's exclusions. Comprehending the information in its entirety can reveal gaps in the coverage that would leave the policyholder inadequately protected but that can be filled with supplementary coverage.