What is Business Personal Property Insurance?

All those tools, all that color, products on products—what if they were all wiped out in a fire, flood, or burglary? We don’t have to tell you that inventory, decor, equipment, and furnishings aren’t cheap to replace, but what are you doing to protect your hard-earned tools of the trade?

The AHP Business Personal Property (BPP) Insurance is contents coverage for your business. This valuable option is tailored to our members’ unique insurance needs in the event of equipment loss due to a fire, flood, theft, etc.

AHP’s BPP policy covers members’ business-related property (equipment) both on and off premises—this is an important feature because many policies do not cover property once it is taken off business premises.

We have two BPP options: (1) BPP for $10,000: $99, and (2) BPP for $30,000: $299. Both of these policies provide coverage on a blanket basis, meaning members do not have to submit an initial inventory list itemizing equipment and its value; some companies require this inventory up front. However, if members experience a loss, they’ll need to present receipts and/or photographs of the items in order to file a claim. Property is insured for replacement cost, up to the policy limit. Should a member have a covered loss, the claim will be paid based on the cost of that equipment, new, with no deduction for depreciation.

All losses are subject to a $250 deductible; theft/burglary losses are subject to a $500 deductible. Coverage is written on a broad basis with few exclusions.

To sign up for BPP at the time of joining or renewing: Select the BPP option online, or speak with our team at 800-575-4642.

To add BPP coverage during a membership: Call our team at 800-575-4642.

Coverage will run concurrently with the term of your AHP membership. If you submit the premium for the BPP coverage with your application or renewal, your BPP coverage will begin with your anniversary date and expire one year (12 months) later. Should you decide to purchase BPP later in your membership year, you will be required to pay the full year's premium for a partial year's coverage.

Note: The insurance coverage descriptions above are illustrative only. Refer to a copy of the policy for specific coverages, limitations, exclusions, terms, and conditions. The insurance information provided here is not a contract; it is a partial illustration of benefits, conditions, limitations, and exclusions. In the event that there is confusion or conflict between the policy language and any information provided, the policy language shall control.