Certified Meeting Professional (CMP) Practice Exam

What does valuable papers and records insurance cover?

1. Theft of electronics

2. Reproducing documents after destruction

3. Loss of inventory

4. Equipment replacement costs

The correct answer is: Reproducing documents after destruction

Valuable papers and records insurance is specifically designed to cover the costs associated with the reproduction or restoration of documents that are lost or destroyed due to various incidents, such as fire, flooding, or other disasters. This type of insurance focuses on the importance of preserving critical information and the associated expenses that can arise when these important papers are compromised. While theft of electronics, loss of inventory, and equipment replacement costs may be covered under different types of insurance policies—such as property insurance or liability coverage—valuable papers and records insurance directly addresses the implications of document loss, making reproducing documents after destruction the correct focus for this type of coverage.