A commercial crime policy provides coverage for which named perils?

A commercial crime policy provides coverage for which named perils?

• A. Theft, burglary, and robbery
• B. Fire, burglary, and vandalism
• C. Fraud, misrepresentation, and breach of contract
• D. Flood, earthquake, and wind

Answer: (A)

The main idea is that crime insurance covers specific criminal acts against the insured’s property. The named perils most commonly covered are theft, burglary, and robbery. Fire, vandalism, and other property hazards are not covered by a crime policy; they belong to property insurance. Likewise, fraud or misrepresentation aren’t listed as perils in a crime policy. So the best choice reflects the actual scope of crime coverage: theft, burglary, and robbery.

The main idea is that crime insurance covers specific criminal acts against the insured’s property. The named perils most commonly covered are theft, burglary, and robbery. Fire, vandalism, and other property hazards are not covered by a crime policy; they belong to property insurance. Likewise, fraud or misrepresentation aren’t listed as perils in a crime policy. So the best choice reflects the actual scope of crime coverage: theft, burglary, and robbery.