Define: Commercial Property Floater

A Commercial Property Floater is an insurance policy that provides coverage for movable property that is not permanently attached to a specific location, such as equipment, tools, and supplies.

A Commercial Property Floater can cover a wide range of movable property, including but not limited to machinery, tools, equipment, and supplies.

A Commercial Property Floater typically covers risks such as theft, damage, and loss of the covered property.

Businesses that own or use movable property that is not permanently attached to a specific location may benefit from a Commercial Property Floater.

The amount of coverage needed for a Commercial Property Floater will depend on the value of the property being covered and the risks associated with its use.

Yes, you can typically add or remove items from your Commercial Property Floater as needed.

The cost of a Commercial Property Floater will depend on a variety of factors, including the value of the property being covered, the risks associated with its use, and the coverage limits selected.

A Commercial Property Floater policy typically lasts for a specified period of time, such as one year, and can be renewed as needed.

If you don’t have a Commercial Property Floater and your movable property is damaged, lost, or stolen, you may be responsible for the cost of replacing or repairing the property out of pocket.