Which of the following is classified under 'Property Covered' in the BPPCF?

The classification of property under 'Property Covered' in the Business Personal Property Coverage Form (BPPCF) is crucial for understanding what types of property can be insured. Fixtures, including outdoor fixtures, are considered part of the building and are essential to the operation of a business. They generally retain their value and functionality as integral parts of the insured property, making them eligible for coverage under the BPPCF.

Fixtures, by definition, are items that are permanently attached to the building, such as lighting systems, plumbing, or shelving. Outdoor fixtures extend this coverage to items like fencing or external signage, which can be critical for business operation and branding. Including these fixtures ensures comprehensive protection for the business's physical assets.

In contrast, other types of property mentioned in the options don’t always align with the BPPCF’s intended coverage. Personal property while airborne does not fall under standard coverage since it pertains to items in transit or in the air, which is typically not covered by standard commercial property forms. Temporary structures on-site may be subject to specific coverage limitations, as they can be considered transient and might not be included under standard coverage without endorsement. Contraband property is explicitly excluded from insurance coverage due to its illegal nature, reinforcing that only lawful property qualifies for