Equipment Floater - Inland Marine Coverage

The property covered on the Equipment Floater might range from simple hand tools to very large cranes.  Virtually any type of mobile equipment or tool can be insured.  The equipment covered can be used in a wide variety of operations such as home improvements to strip mining.  In the pest control business, equipment typically insured with equipment floaters are expensive devices used to detect and/or treat client property.  The coverage provided is for direct physical loss to the equipment.  Rental reimbursement coverage can be added by endorsement to cover the cost of renting substitute equipment if covered property is out of service due to a covered cause of loss.

Deductibles & Coinsurance

Requirements are typically required on both scheduled and unscheduled sections. For Unscheduled Equipment, an amount of insurance per item is selected along with an aggregate amount of insurance coverage for this class of property.