Our agent wants to combine business property with business property of others for each location.
The package policy is all risk including theft, agreed value, and replacement cost. There are several locations. We have building, personal property, personal property of others, and business income and extra expense on a blanket basis but not all combined into one limit. We have separate blanket limits for each.
The agent's reason for wanting to combine into just regular business property is that some of the machinery or equipment they fabricate is paid for by their customers until it is ready for them to pick up. So, those items may sit for a while and yet they are paid for at that point.
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