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.    

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis