ABC, Inc., a commercial construction company owns an office building, a large garage for storing the building
Question:
ABC, Inc., a commercial construction company owns an office building, a large garage for storing the building materials and other equipment, trucks, and other mobile construction equipment.
ABC Inc, purchases all its building material from suppliers located in the United States. These materials are delivered by motor carriers to either ABCs construction sites or ACBs garage. ABC Inc., as opposed to its suppliers, is usually the party that bears the risk of loss of the material during transit.
When ABC Inc., constructs a building under contract with the buildings owner, ABCs ownership of building supplies continue until all supplies are installed in the building under construction, at which point they ABC become the building owners property and are insured under the building owners builders risk or commercial property policy. When ABC constructs a building on speculation not under contract with the owner ABC owns the construction materials and the building until the building is sold.
Questions
Can ABCs Inc office buildings, garages, and trucks be covered under by an Inland and Marine insurance policy? Explain your answer.