Arkansas Insurance Adjuster Practice Exam

Which commercial crime insurance coverage might cover the loss when a vault door has been blown open and a large amount of money has been burned?

1. Inside the Premises: Theft of Money and Securities

2. Outside the Premises

3. Robbery or Safe Burglary Coverage

4. Computer Fraud Coverage

The correct answer is: Inside the Premises: Theft of Money and Securities

Commercial crime insurance typically covers losses due to theft, robbery, and burglary. Option A, Inside the Premises Theft of Money and Securities, would cover the loss in this scenario because the money was stolen from inside the premises. Option B, Outside the Premises, would not apply as the loss occurred inside the premises. Option C, Robbery or Safe Burglary Coverage, would only cover losses from a physical break-in or robbery, not from a vault door being blown open. Option D, Computer Fraud Coverage, would not apply as the loss was not due to computer fraud.