A commercial property special form covers property in transit up to what amount?

The correct amount that a commercial property special form covers for property in transit is $5,000. This limit is critical for businesses that frequently transport equipment, goods, or materials as part of their operations. The $5,000 coverage serves as a basic threshold, ensuring that businesses have some financial protection against losses while their property is not at their primary location.

Understanding how this coverage works is essential. Typically, the special form offers broader coverage for various types of commercial property, but it also includes specific terms regarding limitations, such as the amount for items in transit. This limit helps businesses manage risks associated with transportation without overextending coverage on items that are temporarily off-site.

Other amounts listed in the options, such as full replacement cost, actual cash value (ACV), or $500, do not accurately reflect the standard coverage for property in transit under the commercial property special form. These figures might apply to different types of policies or coverages, but in this case, $5,000 is the correct specification commonly recognized in commercial property insurance practices regarding property in transit.