Jack,owner of Jack's Bar and Grill,was robbed while attempting to deposit receipts at the bank's night depository.Jack had purchased an ISO commercial crime coverage form.This loss would be covered under which insuring agreement?

Question

Quizplus · Accepted Answer

The loss of Jack's money while attempting to deposit it at the bank's night depository occurred outside of his premises. Therefore, it would be covered under the Outside the Premises coverage insuring agreement of his ISO commercial crime coverage form. This coverage insures against loss of money, securities, and other property while in transit or outside the insured's premises.

Jack,owner of Jack's Bar and Grill,was Robbed While Attempting to Deposit