Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Written in Conjunction with Builders Risk Policies

Summary: The typical builders risk policy covers only property on the described premises. Neither does it provide coverage for the property while in transit. An installation floater covers a certain type of property while that property is being installed and, to a degree, while in transit. Usually purchased by a contractor or a subcontractor, the installation floater covers expensive types of property being installed—such as machinery or generators. Insurance Services Office, while offering a builders risk policy in its commercial property portfolio, does not offer an inland marine installation floater. The standard in this line comes from the American Association of Insurance Services (AAIS), Installation Floater Coverage, IM 7100. This article examines the AAIS installation floater and revisions that were made in 2010.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

ICLC Staff Writer


Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.