What does the Business Personal Property Coverage Form NOT cover?

The Business Personal Property Coverage Form primarily provides coverage for items owned by a business that are used in the course of operations. This typically includes equipment, inventory, and office furnishings. However, automobiles, even if they are held for sale, fall under a different category of insurance—specifically, automobile insurance. Vehicles are not considered part of business personal property in the context of this coverage form.

The exclusion of automobiles from the coverage is crucial because vehicles have unique risks and loss exposure profiles compared to typical business equipment and inventory. They are often covered under separate commercial auto insurance policies designed to address the specific liability and physical damage issues associated with vehicles. Therefore, while equipment, inventory, and office furniture and fixtures are covered under the Business Personal Property Coverage Form, automobiles held for sale are not, as they require different coverage considerations.