Installation Floater—Subcontractor's Vandalism Loss

Q

Our question concerns a dispute as to whether wiring installed by our insured, an electrician covered by an installation floater, is covered property. The electrician was installing the wiring in an apartment building under construction when, unknown to him, the wires in several units were cut and then refastened to the studs so that the cuts were hidden behind the fastening clips. The insured was not yet finished with the project when the vandalism occurred. He had not yet connected the circuit breaker box and also had other finishing work to do. The damage was not discovered until the electricians began their finishing work and the apartments had already been sheet rocked and painted.