Exam DISC-IA Practice Question 631
Study guide: Exam DISC-IA
A dry cleaner is analyzing its commercial property loss exposures. Customers' garments in its care are often worth more than its own equipment. Which statement best describes this exposure and how the BPP can address it?
- A) A bailee's property exposure, insurable as Personal Property of Others with a limit shown
- B) It is not a property exposure, because the dry cleaner does not own the garments
- C) It is covered automatically as stock, because the garments are processed in the business
- D) It is excluded from the BPP and can be insured only under a liability policy
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