INSTALLATION COVERAGE
is provided by an installation floater that covers personal property while it is being installed, fabricated or erected by an insured, usually a contractor. Coverage is for special causes of loss or all risk-type perils and applies to owned property and property of others. It can cover on a single project within an existing building such as updating the plumbing system. It can also cover a contractor acting as a subcontractor on a building in the course of construction such as the one that installs the sprinkler system. The policy can be written on a reporting form basis or on a scheduled job or project basis. It is covered until the installation work is accepted by the purchaser, when the insured's interest in the installed property ceases, or when the policy ends, whichever arrives first.