Your client insures her business property under the Named Perils Form and has selected the 'Mercantile Stock Burglary' as additional crime insurance to cover her stock. In crime in... Your client insures her business property under the Named Perils Form and has selected the 'Mercantile Stock Burglary' as additional crime insurance to cover her stock. In crime insurance, the meaning of 'burglary' includes all of the following elements, except one. Pick the Exception.
Understand the Problem
The question asks about the elements that constitute burglary in the context of crime insurance and requires the identification of an exception among the given options.
Answer
b) The unlawful taking of property occurred while the business was closed.
The exception is b) The unlawful taking of property occurred while the business was closed.
Answer for screen readers
The exception is b) The unlawful taking of property occurred while the business was closed.
More Information
Burglary in crime insurance generally involves unlawful entry and evidence of force, but not necessarily that the crime happened while the business was closed.
Tips
A common mistake is assuming burglary requires the business to be closed. Focus on entry evidence and unlawful access.
Sources
- Glossary Items Archive - The Insurance Center - ticinsurance.com
- Commercial Insurance Guide - California Department of Insurance - insurance.ca.gov
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