What Is Equipment Floater Insurance And When Do You Need It?
Equipment floater insurance is a type of property insurance that covers damage to or loss of equipment moved from one venue to another. Floater insurance differs from typical property insurance, which covers personal and real property that should typically be in one location.
You can buy coverage as an individual policy or as an addition to normal property policy. If you own a business, for instance, construction, plumbing, or landscaping, it’s vital to have maximum coverage to protect your financial assets and business.
Although you might have coverage for litigations, liabilities, and other risks, you might lack proper coverage for some equipment. Here’s what you should know about the insurance.