Property Insurance. Home Insurance

The basic BOP excludes some types of property from its coverage. For many of these items, such as money and securities or outdoor signs, insurance is available as an addition to the BOP for an additional premium. For items such as motor vehicles or boats, however, you will need to purchase a separate policy. Excluded property usually includes:

Any vehicles subject to motor vehicle registration, including aircraft, autos and trucks
Bullion, money or securities
Land, water, growing crops, lawns, trees, shrubs or plants
Outdoor fences and signs not attached to the building

You should discuss with your agent what property insurance  is and isn’t covered by your policy, as well as whether you may need to purchase additional coverage for some types of property insurance excluded from the basic BOP coverage. Since most businesses, for example, own or use vehicles insurance , they should consider business automobile insurance.

Coverage for pollution is limited to cleaning up pollution that was caused by a covered cause of loss occurring during the policy period. For example, if vandals opened drums of a toxic chemical and poured it on the ground, the insurer would cover the cost of the cleanup, up to the policy limit, since vandalism is a covered cause of loss. On the other hand, if the toxic chemical slowly leaked into the ground because the drum was defective and had a tiny hole in it, you would not have coverage under the BOP. A defect in the drum is not a covered cause of loss under your property policy. (For help with cleanup costs in this hypothetical situation, you might find compensation from the liability insurance of the drum manufacturer or seller of the chemical.)
BUSINESS INCOME AND EXTRA EXPENSE COVERAGE

If your main business premises are destroyed along with much of the property you used to operate, this loss, though devastating, may be only just one part of the total. You should consider purchasing Business Income and Extra Expense Insurance (also known as Business Interruption Insurance).