Question 9

Coverage for the theft of money and securities can be obtained both inside and outside the premises.

An insured can obtain coverage for the theft of money and securities while the property is both inside and outside the premises, making option C correct.

A) inside the premises

While coverage for theft of money and securities is indeed available when the property is inside the premises, this option does not encompass the entire scope of coverage, as it excludes the possibility of theft occurring outside the premises.

B) outside the premises

This option is partially correct since coverage does extend to theft occurring outside the premises. However, it fails to acknowledge that coverage also applies to theft that happens inside, making it an incomplete answer.

C) Both A and B

This option accurately reflects that an insured can obtain coverage for theft of money and securities whether the property is inside or outside the premises. It encompasses the full extent of coverage available under the Commercial Crime forms.

D) Neither A nor B

This option is incorrect as it suggests that there is no coverage for theft of money and securities inside or outside the premises. The Commercial Crime forms clearly provide coverage for both scenarios.

Conclusion

Option C is definitively correct as it correctly states that coverage for theft of money and securities is available both inside and outside the premises. The other options fail to capture the complete scope of coverage provided, making them inadequate in addressing the question.