The commercial property form insures your building and contents at the address on the declarations. Inland marine insures property that moves or sits away from that address: tools on a job site, equipment in a truck, goods in transit, a machine being installed in someone else’s building. California’s inland marine regulation, Title 10, sections 2320 to 2322, draws the line the other way as well. Merchandise in storage, goods in manufacture on your premises, and furniture and fixtures stay on the property 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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