Which limitation applies to missing property under a BOP?

• A. There must be evidence showing what happened to the property, except for money and securities
• B. Missing property is always covered if not found within 30 days
• C. Missing property is covered up to 5,000 regardless of evidence
• D. Missing property is covered only if discovered by a police report

Answer: (A)

Missing property coverage in a BOP is limited by an evidentiary rule. When property goes missing, the insurer generally needs proof of what happened to support the claim. This helps prevent uncertain or fraudulent losses for items whose fate isn’t known. There is an exception: money and securities are covered for mysterious disappearance even without showing how they disappeared, up to the policy limits. So the limitation is that there must be evidence of what happened to the property, except for money and securities. The other choices aren’t accurate because coverage isn’t based on a 30-day time frame, isn’t a flat $5,000 cap regardless of evidence, and doesn’t require a police report to apply.