Question 77

The Valuable Papers and Records Inland Marine coverage form does not reimburse for damaged securities and paper money.

The coverage form specifically excludes reimbursement for damaged securities and paper money, which means that while it covers other valuable papers and records, it does not extend to these financial instruments.

A) damaged films, maps and drawings

This option is incorrect because the Valuable Papers and Records Inland Marine coverage form does reimburse for damaged films, maps, and drawings. These items are classified as valuable papers, and their replacement is covered under this insurance.

B) damaged manuscripts, deeds and books

This option is also incorrect since the coverage form includes reimbursement for damaged manuscripts, deeds, and books. These items are essential records that fall under the protection of the policy.

C) damaged records in the care, custody or control of the insured

This option is incorrect as well. The coverage form provides for the replacement of damaged records that are in the care, custody, or control of the insured, thereby ensuring that important documents are protected.

D) damaged securities and paper money

This is the correct answer. The Valuable Papers and Records Inland Marine coverage form explicitly excludes reimbursement for damaged securities and paper money. These items are treated differently from other valuable papers and records covered by the policy.

Conclusion

The correct answer is option D, as it reflects the exclusion of damaged securities and paper money from the coverage provided by the Valuable Papers and Records Inland Marine form. Options A, B, and C are all incorrect because they represent categories of documents that are indeed covered under the policy, highlighting the specific nature of what is included and excluded in this type of insurance coverage.