Installation floater
Term · Insurance and risk management · MLC-T-INS-001846
A type of inland marine insurance that covers property, such as machinery or equipment, from the time it leaves the supplier until it is installed and tested at the customer's location. This policy protects against risks like theft, damage, or loss during transit, unloading, and the installation process. It is commonly used by contractors and equipment dealers.
| Identifier | MLC-T-INS-001846 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001846",
"term": "Installation floater",
"field": "Insurance and risk management",
"definition": "A type of inland marine insurance that covers property, such as machinery or equipment, from the time it leaves the supplier until it is installed and tested at the customer's location. This policy protects against risks like theft, damage, or loss during transit, unloading, and the installation process. It is commonly used by contractors and equipment dealers.",
"url": "https://mlchart.com/terminology/insurance/installation-floater/"
}
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