Idaho Property and Casualty Practice Exam

The correct answer identifies accounts, bills, currency, deeds, evidence of debt, money, or securities as items that are not covered under the Building and Personal Property Coverage Form. This form primarily provides coverage for the physical building structure and the personal property contained within it.

The primary focus of this form is on tangible property, which includes real property such as completed additions to the building, personal property used to maintain the building, and building materials that are readily available for construction or repairs. Conversely, financial instruments like accounts and money are generally not included in this coverage because they fall under a different category of risk that is typically covered by other forms of insurance, such as crime or specialty policies.

This distinction highlights that the Building and Personal Property Coverage Form is meant to safeguard physical assets rather than financial assets, reinforcing the understanding of what is traditionally included in property insurance coverage.