If an architect's drawings are destroyed, which policy would cover the cost of redrafting?

The Valuable Papers and Records Policy specifically covers the cost associated with the loss or destruction of important documents, blueprints, and other valuable records. In the scenario where an architect's drawings are destroyed, this policy would provide coverage for the expenses incurred in redrafting those documents. It is designed for situations where businesses rely heavily on documentation that is hard to reproduce, thus emphasizing the significance of preserving valuable intellectual property.

Business Interruption Insurance focuses on the loss of income due to the temporary shutdown of a business and does not cover the physical loss of documents. Property Damage Insurance typically addresses damage to physical property but may not extend to the costs related to reproducing lost designs or plans. The Extra Expense Policy aids businesses in covering costs that exceed normal operating expenses due to a disruption but does not specifically cover the direct costs associated with redrafting lost documents.

Thus, the Valuable Papers and Records Policy is the most relevant choice for this scenario, as it directly addresses the need to recover and reproduce essential documents that have been lost.