Commercial PropertyQuestion 112 of 215
A jeweler asks the producer how best to insure a traveling display of rings and necklaces taken to trade shows in multiple states. Which line of coverage is BEST suited to the exposure?
a.Standard Building and Personal Property Coverage Form
b.Ocean Marine policy
c.Inland Marine policy (e.g., a Jewelers Block form)
d.Commercial general liability
Explanation
Inland marine policies (such as a Jewelers Block, Contractors Equipment Floater, Fine Arts Floater, or Camera Floater) were developed to insure property that is movable, in transit, or unusual in nature. A Jewelers Block form is the standard inland marine product for the on-premises, off-premises, and in-transit jewelry exposures described. Ocean marine insures hulls and ocean cargo, not domestic land-based exposures.
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