Which property is completely uninsurable under the Building and Personal Property Coverage Form (BPP)?

The property that is completely uninsurable under the Building and Personal Property Coverage Form (BPP) includes contraband and any property that is involved in illegal activities or transportation. This is because insurance is fundamentally designed to cover lawful interests; thus, properties associated with illegal acts are inherently excluded from coverage. Since contraband is defined as goods that are illegal to possess or transport, any potential claim related to it would be considered void due to non-compliance with the law.

Business personal property, residential property over $100,000, and property under construction can all be insured under appropriate circumstances, as they do not fall into the category of uninsurable items. For example, business personal property may be covered under specific terms of the BPP, and residential properties, while subject to higher underwriting standards when valued over a certain amount, are insurable. Similarly, property under construction can be insured, but it typically requires a different type of policy or endorsement to cover the unique risks associated with construction activities.