It covers the materials you are installing until the job is accepted. A contractor who buys a chiller, a switchgear line-up, or a run of cabinetry owns a real exposure between the point the form says coverage attaches and the owner’s sign-off. That window is where property gets stolen off a site or damaged before it is ever energized. An installation floater follows those materials in transit, in temporary storage, and while being installed. Written for the contractor it ends when the contractor’s interest ends; written for the owner it ends on completion and acceptance. On many projects it is the contract that requires it.
Related FAQs
It can, once a rented or leased equipment limit is added to the floater. Read the rental agreement first. California law makes a hirer liable only for damage caused ...
Higher-value equipment is scheduled by make, model, serial number and value, each with its own limit, and small tools go under a blanket limit with a per-item cap. Scheduling ...
Only within the small extension the property form gives for property in transit or at another location, and that limit is usually far below the value of a truck ...
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