Business Personal Property Loss and Combination of Policy Limits

We have a commercial client who has business personal property in two locations, each insured for $1,400,000.00.  His personal property moves, for various reasons, between the two properties from time to time and then can be sold to customers. One of the locations has burned severely causing a total loss at that site. Can the insured use a combination of the two limits of coverage to make claim and to avoid any coinsurance issues at the loss site?

Florida Subscriber

Unless the policy is a blanket policy, no, it would not be possible to combine the two limits. Most policies require the covered property to be described in the declarations. If the property that sustained the total loss is not also included on the other location's declarations, it would not be covered by that form.