Which of the following is NOT considered under commercial property coverage extensions?

In the context of commercial property insurance, coverage extensions are specific provisions that expand the coverage of a policy beyond the standard terms, often including various categories of property that businesses may acquire or rely on.

Personal liability coverage is primarily concerned with protecting the insured from claims of bodily injury or property damage caused to third parties. This type of coverage falls under general liability insurance rather than property insurance. It does not relate to physical property covered under commercial property policies, which focus on assets like buildings, contents, and specific extensions for that coverage.

On the other hand, newly acquired property, valuable papers and records, and outdoor property are types of insurable interests that are typically included as extensions in commercial property coverage. Newly acquired property refers to assets that a business has recently purchased but may not have been listed on the policy yet. Valuable papers and records cover documents and critical information that, if damaged or lost, could result in significant financial loss. Outdoor property includes items like fences, satellite dishes, or outdoor signs, and is often subject to specific coverage limits and conditions.

Therefore, personal liability coverage stands apart from the extensions typically found within commercial property coverage, making it the correct answer in this instance.