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Tim owns a TV repair shop that is insured under a commercial package policy. The policy includes the building and personal property (BPP) coverage form

Tim owns a TV repair shop that is insured under a commercial package policy. The policy includes the building and personal property (BPP) coverage form and the causes-of-loss broad form. The declarations page indicates that coverage applies to both the building and the named insured's business property. Explain whether or not the following losses would be covered under his policy:

  1. A fire occurs on the premises, and the building is badly damages.
  2. A burglar steals some money and securities from an unlocked safe.
  3. A business computer is damaged by vandals who break into the shop after business hours.
  4. A tornado touches down near the store. Several TV sets of customers in the shop for repair are damaged in the storm.

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