We have claim for loss of stock on a form with a blanket coverage limit of $150,000 and 90 percent coinsurance. Part of the damaged completed stock was sold but not delivered. We believe the stock sold but not delivered would not be included with the total value to compute the coinsurance. Is this correct?

Illinois Subscriber

The stock sold but not delivered would be included in the total for computing the coinsurance unless your form contains specific exclusionary language for this type of property. The ISO Building and Personal Property Coverage Form, CP 00 10, values such property at selling price less discounts and expenses the insured would otherwise have had, so that is the amount that would be included in the coinsurance calculation.