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A small business owner purchased an unendorsed Building and Personal Property Coverage Form (BPP) with a $120,000 limit on the building, a $60,000 limit on

A small business owner purchased an unendorsed Building and Personal Property Coverage Form (BPP) with a $120,000 limit on the building, a $60,000 limit on Your Business Personal Property, and a $500 deductible. A covered loss resulted in damage of $50,000 to the building and $65,000 damage to the insured's business personal property. What will the insurer pay for this loss?

A. $109,000

B. $109,500

C. $110,000

D. $115,000

Under the Building and Personal Property Coverage Form (BPP), which one of the following is property not covered?

A. A retaining wall in front of the insured building

B. A desk that was custom-ordered for the company's CEO

C. A bottling machine the company is leasing long-term

D. A crate used to carry empty bottles to the cleaning machine

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