BOP Coverage for Gasoline in Underground Storage Tank

July 13, 2010

The ISO Businessowners form describes business personal property as “in or on the buildings at the described premises or in the open (or in a vehicle) within 100 feet of the described premises.” Does this definition mean that gasoline held in an underground storage tank is not covered on the BOP? There is an available inland marine endorsement for a commercial property policy that will take care of this, but what is the best way to handle this on a BOP?

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