Question

Jim has several trailers in the supply yard of his business which belong to his respective buyers. Jim's business loads the trailers and then contracts with another company to ship the goods to their final destination. One day while loading up a trailer, Jim accidentally pierced the side of a covered trailer with his forklift. The damage to the trailer would be covered by the _____________ coverage extension.

A. Newly-Acquired Property
B. Outdoor Property
C. Non-Owned Detached Trailers
D. Property of Others

Answer 1

The coverage extension that would cover the damage to the trailer is Non-Owned Detached Trailers.

Step-by-step explanation:

The coverage extension that would cover the damage to the trailer is Non-Owned Detached Trailers. Non-Owned Detached Trailers coverage provides insurance for trailers that are not owned by the insured, but are in their care, custody, and control. In this case, the trailer belongs to the respective buyers, but Jim's business is responsible for loading it.