A businessowners policy insures the property at the premises and gives a small limit for property away from them. The contractor whose tools live in a truck, the photographer on location and the medical practice with instruments that travel between offices all carry more value off-premises than that extension covers. An inland marine floater is written for that property, scheduled or blanket, and sits alongside the businessowners policy.
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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