What type of property is NOT covered by the installation floater for contractors?

The installation floater is specifically designed to cover materials and equipment that are intended for installation at a job site. This type of coverage typically includes items in transit to the job site, items awaiting installation at the site, and items that are actively being installed.

In the case of property located in a warehouse on the insured's premises, this would not be covered by an installation floater. The reason is that the insurance coverage under an installation floater is intended for items that are in the process of being moved to the installation site or are already at that site, rather than items which remain stored in a warehouse. Since the property in the warehouse is not in transit or awaiting installation, it falls outside the scope of the installation floater’s intended use.

Understanding the specific coverage implications is essential for contractors, as they need to ensure they have the appropriate types of insurance for different situations.