In a commercial property policy, which of the following covers loss to valuable papers?

Valuable Papers and Records coverage is specifically designed to protect the physical loss of important documents and records that are essential for the operation of a business. This type of coverage is critical because valuable papers can include financial records, customer lists, blueprints, or any documentation that, if lost or damaged, could hinder the business's ability to function effectively.

The other types of coverage listed do not provide the same specific protection for valuable papers. Business Personal Property coverage typically covers tangible items that a business owns, such as furniture, equipment, and inventory, but does not specifically address the loss of valuable papers or records. Building and Personal Property coverage encompasses the physical structure as well as personal property within it, but again, it is not tailored solely to valuable papers. Equipment Breakdown coverage pertains to the failure of machinery or equipment, focusing on operational interruptions caused by mechanical breakdowns rather than the loss of important documentation. Thus, Valuable Papers and Records coverage is the only option that addresses this particular need directly and comprehensively.