A repair shop insures personal property of others. A covered fire destroys a customer's machine that was in the shop for repair. Payment for that machine is made to:
Explanation
Personal property of others covers goods in the insured's care, custody or control at the described premises, and the loss is adjusted with and paid to the owner of that property rather than to the business holding it. Paying the named insured would treat the customer's machine as the shop's own property. A mortgagee has rights in the building, not in a customer's equipment, and the customer's own insurer is not a payee under this coverage.
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