What is the limit for BOP property in transit?

Prepare for the New Jersey Public Adjuster Exam. Enhance your skills with targeted questions, hints, and detailed explanations. Ensure you're ready to succeed!

In a Businessowners Policy (BOP), the coverage limit for property in transit is typically set at $10,000. This means that if business property is damaged or lost while it is being transported, the insurance will cover up to $10,000 for that loss. This limit is important for businesses that frequently move inventory or equipment, as it helps them manage the risk associated with transporting valuable items. Understanding this limit allows business owners to evaluate whether they need additional coverage for high-value shipments or if they need to look into separate transportation insurance that offers higher limits.

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